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Around the world, utilities are under pressure. Citizens demand energy and water that don't undermine environmental quality. Regulators seek action on smart grid and smart metering initiatives that add intelligence to infrastructure. Customers seek choice and convenience-but without additional costs. Doing nothing is not an option. Oracle understands that things have changed for utilities. Looming regulations, social pressures, customer demands, and environmental imperatives require new approaches.
Utilities must prioritize and plan for smart grid / smart metering implementations, future generation, integration of renewables, responses to proposed regulatory changes, and increased demand for efficiency programs. At the same time, they must reduce costs and minimize their impact on the environment. Finally, utilities are faced with managing and analyzing the exponential growth of data to help better understand their customers and to build their future strategies based on this information. Utilities that address these issues holistically can create an Eco-Advantage.
Creating an eco-advantage means adopting:
- Eco-efficiency—reducing environmental impact and cutting costs by increasing efficiencies in existing business operations
- Eco-innovation—designing or redesigning products and processes to reduce costs and increase revenues while lowering their environmental impact
- Eco-transparency—measuring and reporting on relevant environmental factors to drive ongoing process improvement, comply with regulatory directives, and minimize risk
Oracle Utilities is delivering solutions to support these areas- see some examples below.
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