Intractable Problem: Modernizing an old
Talk to any person in the electric utility business and the #1 topic is implementing a Smart Grid.
“Smart grid” generally refers to a class of technology people are using to bring utility electricity delivery systems into the 21st century, using computer-based remote control and automation. These systems are made possible by two-way communication technology and computer processing that has been used for decades in other industries.
The concept of a Complex Adaptive System (CAS) arose in the mid-1980s. Acknowledgement that an electric utility is a CAS happened many years ago.
As novel agents like Distributed Generation, Distributed Energy Resources, Electric Vehicles, Solar, Smart Homes are added to the CAS, the number of new risk relationships will rise astronomically. The cumulative impacts are huge including questioning whether electric utilities should maintain the traditional cost recovery business model.
Gary Wong. Electric Utility Business is a CAS. CEATI DALCM conference. 2014 March 26.