Over the last 24 months the power sector received a jarring wake-up call-the technology revolution has begun without the utility industry as its prime mover. The emergence of new infrastructure and prosumer-focused technologies and the move toward broad digital platforms creates an environment where incumbent utilities are now faced with adapting to market directions set by non-traditional entrants, suppliers and customers. This externally-driven evolution now places power utilities at the epicenter of industry transformation where they are impacted by multiple sources of disruption and subject to disintermediation at the network and customer levels.
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