The Brattle Group
Specializing in the markets, policies, regulation, and transformation of the electricity industry, Peter Fox-Penner advises U.S. energy companies, grid operators, and government agencies. He has testified before federal and state courts, FERC, arbitrations, and public service commissions. He has served as a regulatory and strategic advisor to boards and executives at utilities and energy companies across the country.
Roger Kranenburg was formerly VP of Strategy & Policy with Eversource, responsible for developing, communicating, and overseeing Eversource’s long-term energy and growth strategy and policies, and leading transportation electrification. He also led federal affairs on funding and legislative and regulatory matters. Prior to Eversource, he was with IHS Markit advising electric utilities, power sector owners, and suppliers in North America, Europe, and globally.
Electricity demand is growing rapidly in the developed world, driving utility capital investments, but also presenting challenges for all industry stakeholders. Clean capital efficiency, which is leveraging technology to drive higher efficiency and utilization of existing and new system assets, is a valuable part of the picture and an important way to help alleviate rate pressure.
Even before electric demand began its recent upturn, the U.S. electric system had its challenges. Much of the industry’s infrastructure was aging and required investment. Increases in severe weather events began to necessitate larger investments in resilience, and reducing the industry’s emissions became a clear priority voiced by customers. We also began to bump up against transmission constraints, unlike previous periods when the system could easily accommodate new generation.
Over the last few years, things have started to change. Electrification, reshoring of manufacturing, and further cloud-based, digitized processes pulled electric demand up from a ten-year growth slump.