Surprise! 97% of utilities see microgrids as a business opportunity
Think microgrids are an existential threat to the utility business? Think again.
Think utilities see microgrids as an existential threat to their business? Think again.
That is a surprisingly high number — and we suspect that many utility-owned microgrids today are there for the purpose of better understanding the technology and its functionality vis-à-vis the centralized utility grid.
And while utilities may fear the negative impacts that microgrids could have on their business, the vast majority of utilities surveyed indicated they would not stand in the way of regulatory changes to incentivize them to advantages of the microgrid opportunity. 85% of utilities believe their utility is not being incentivized to develop, own and/or operate microgrids, but 84% say they would like to see regulators incentivize utilities to do so.
In fact, quite a few utility execs surveyed suggested that distributed microgrids should be operated by a centralized authority and even voiced support for the groundbreaking type of reforms that New York is now proposing. Contrary to popular belief, utilities do not microgrids as a threat, but as an opportunity they are not currently being rewarded to pursue.