Key Trends Volume Released
Lisa Wood is vice president of the Edison Foundation and executive director of the Institute for Electric Innovation, IEI. At IEI, she collaborates with a management committee of more than twenty electric company CEOs and a select group of technology companies, and provides thought leadership on current issues, trends, and innovation in the electric power industry.
In 2016, IEI released Volumes I, II, and III of Key Trends Driving Change in The Electric Power Industry. Prior to that, IEI released Innovations Across the Grid: Partnerships Transforming the Power Sector, Volumes I and II.
The Institute for Electric Innovation's third and final volume of essays, Key Trends Driving Change in the Electric Power Industry, was released in December. It examines three trends that are expected to loom large well into 2017: rate and regulatory reform; data analytics; and grid modernization.
How these trends continue to unfold across the nation, and how the various stakeholders in the industry are able to work together to advance common goals and objectives, will determine the speed and success of the electric power industry transformation. Ultimately, we share common goals - a commitment to provide safe, reliable, affordable, and increasingly clean electricity.
Rate and Regulatory Reform
Although technology is at the heart of this transformation, technologies coupled with the right policies (both regulatory and legislative) are the essential ingredients for moving this transformation forward.