Issue link: https://resources.tangoanalytics.com/i/1516392
Sustainability & Energy Management Simplified In our ever-evolving energy landscape, utility companies are facing a myriad of challenges in balancing the expectations of legislators, customers, and shareholders. The operating environment for power is fraught with risk and new hurdles every day, with grid reliability being threatened by severe climate change-related weather, an aging infrastructure, and the mounting sophistication of cyber attacks. Sustainability trends are also pointing towards a more solidified energy transition, with demands for electrification, and deployment of distributed energy resources coming from all stakeholders. Companies are seeing increasing regulations that require them to disclose sustainability information and show that they are reducing their environmental impact. Meanwhile, rising capital costs and continued high inflation threaten the affordability of energy. These challenges for utility companies may seem like competing priorities, but the concept of sustainability and long-term strategic planning for risk is at the cornerstone of helping to solve these issues. For example, implementing energy-efficient and weather-resilient grid systems, and optimizing technology systems for energy management, not only promotes decarbonization within the industry but enhances the affordability and reliability of energy transmission for customers, increasing overall customer satisfaction. To adapt, utility companies must adopt new ways of interacting with customers, streamlining operations, and improving efficiency. Utilities, as the main distributors of power, have a large role to play in the orderly transition to cleaner energy by optimizing grid infrastructure and assisting their customers by helping them manage (and ultimately, reduce) their energy use. To do so, electric utility companies must be able to understand North American energy benchmarking ordinances, Building Performance Standards, greenhouse gas tracking, and forthcoming sustainability reporting regulations. This guide is for utility companies that are already facing these mandates, and those looking to stay ahead of the curve when it comes to optimizing the sustainability of their operations. INTRODUCTION