Technology is already taken over various different application areas and optimized the work performance in an efficacious way. Trending the same path is none other than the energy and utility sector as it strives to meet the ever increasing demands and the ever growing challenges in the sector. Before we look into the solutions offered by technology in this area let us skim through the challenges this sector faces.

THE CHALLENGES AHEAD
The challenges in the energy sector are around balancing the demands for energy as well as maintaining transparency in the environmental and social issues with accountability to the stakeholders in the business. It also faces challenges in form of aging people power and thus loss of engineering insights.
Now, for the solution –

TECHNOLOGY TRENDS IN THE SECTOR
Customer centric Approach – With the sector concentrating on consumer relationships and trying create one on one experience the use of technology has also got a boost and applications for easy tracking and control of energy usage, paying bills, receiving bill alerts has increased as well.

Business Model Evolution – The grid that was vertically integrated earlier has broken as of now and individual firms are allotted responsibility separately for power plants, marketing and grid. T

Coal Power Drop – The coal powered plants across the world are loosing their charm and utility and predictions show still further retirement due to environmental issues and promoting awareness about renewable sources.

Natural Gas more in usage – With solar and wind energy utility is becoming popular so has the use of natural gas as coal is a thing of the past now and the coal generators are on their way to retirement.

Renewable Sources in Full Swing – With renewable sources like solar and wind energy based ones are reaching grid parties and even out pricing the conventional generation sources, the argument which claimed that renewable sources are costly is fast becoming absolute.

Though, the ultimate objective is always been to provide power that is safe and reliable to its customers at genuine price, technology and innovation has brought about a progressive changes in the way the energy and utility sector serves its consumers.

Best Engineering College for Information Science and Engineering