A strong opportunity exists for telecoms operators to enter the power market by providing backbone infrastructure for smart grids. This is the core finding of a new report from global management consultancy Arthur D. Little – “Smart Grid opportunities for telcos” – in which experts analyse a range of business models in the context of smart grid adoption, and evaluate their attractiveness and feasibility for telecoms operators. The consultancy has additionally developed a “future grid strategy kit” for telecoms operators to help them to prepare for a successful entry into the power market. Governments and utilities across the globe have recognised the environmental and financial benefits of managing both supply and demand for electricity through smart grid development. With decentralized electricity generation – from solar power for example – increasingly creating volatility in supply, the need for an intelligent grid maintenance and management system is becoming ever more important. Potential business models for operators to explore include:
- Next Generation Billing – Telecoms operators already have the expertise and infrastructure in complex billing and are in a strong position to present themselves as service providers. There is also increased sales potential in bundling electricity metering with existing telecoms products
- Energy Management Portal – As customers become increasingly more involved in their energy consumption, they will require constant access to information. This would not present an overly complex task for telecoms operators as existing customer portals could be expanded to include energy management functions
Notes for EditorsAbout Arthur D. Little
Arthur D. Little, founded in 1886, is a global leader in management consultancy, linking strategy, innovation and technology with deep industry knowledge. We offer our clients sustainable solutions to their most complex business problems. Arthur D. Little has a collaborative client engagement style, exceptional people and a firm-wide commitment to quality and integrity. The firm has over 30 offices worldwide. With its partner Altran Technologies, Arthur D. Little has access to a network of over 17,000 professionals. Arthur D. Little is proud to serve many of the Fortune 100 companies globally, in addition to many other leading firms and public sector organizations.
Further InformationFurther information from:
Sue Glanville/ Jo Gwaspari
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