Research assumption and question:
Under the traditional business model, electricity usage grew steadily. Utilities built ever-larger plants and network to serve the growing load demand. But this traditional model is crumbling, due to several factors:
• Load growth has declined, due to a slowing economy and greater use of renewable energy and energy efficiency.
• Utilities are no longer able to obtain economies of scale by building ever-larger plants.
• New regulations have resulted in higher costs for generators.
• Plentiful supplies of shale gas have caused natural gas prices to decline.
• Utilities face high costs for grid modernisation.
Given these changing conditions what is the right power utility business model? (This is the research question)
How will the plan for the successful operation of a business, identifying sources of revenue, the intended customer base, products, ownership structure and financing. What is the corresponding impact for the regulators?
Consideration:
• Stranded assets of generation companies
• Creative destruction of innovation and technology, particularly solar panels and batteries storage becoming more affordable
• Distribution and transmission companies remain a natural monopoly
• Privatisation of distribution and transmission for government owned company (example Western Power)
• Objectives of reducing carbon emission and Renewable energy target (RET)
• Changes to the Australian Energy Regulation
• Current pricing model for electricity consumers is not segmented
• Analytics required to capture consumer data and for the consumers to monitor their usage will need large investment in smart meters

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