Over the past decade, utilities have made significant investments in enterprise asset management (EAM) systems, with the goal of improving operational efficiency.
Traditionally, utilities have aimed to maximize revenues from capital expenditure and limit associated operational costs. But the increasing challenges brought by distributed energy resource (DER) systems and related non-wire alternatives, are disrupting this approach. More holistic performance frameworks now need to encompass a broader view of risk and the impact of a much wider set of costs.
In response, some utilities are discovering the saving potential of using optimized investment planning processes compared with the limited, but still widespread, prioritization.