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Hawaii Provides A Vision Of The Future For Utilities Elsewhere

Date: 05 January 2015

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10 pages, 3 figures

EXECUTIVE SUMMARY

This report provides utility executives with an overview of Hawaii’s evolving energy landscape and the strategies being pursued by Hawaiian utilities as they are forced to transition their business models in a short timescale. While utilities across the world are preparing for an era of disruption in the electric power industry, the rapid pace of change in Hawaii means that utilities in this region are already perusing new strategies across distributed generation, customer services and smart grid technologies. To better understand market dynamics and utility strategies, Verdantix interviewed market participants from the power utility, energy efficiency and technology services sectors. The study finds that utilities elsewhere should take note of the lessons coming out of Hawaii to help answer the following questions: How do utilities manage the fast growth of distributed energy onto the grid? How do utilities recover the cost of grid upgrades? Which smart grid technologies are already proving value in the market? How do utilities adapt their business model?

TABLE OF CONTENTS

HAWAII PROVIDES A VISION OF THE FUTURE FOR UTILITIES ELSEWHERE

Hawaii Is Prime Ground For Transformation Given High Energy Prices And Grid Instability
Hawaii Clean Energy Initiative Sets The Course To 70% Clean Energy By 2030
The Drivers For Utility Transformation Have Already Arrived In Hawaii
Utilities Elsewhere Can Learn From Hawaii’s Energy Landscape
 

TABLE OF FIGURES

Figure 1: Hawaii’s Electricity Production By Source In 2014
Figure 2: Average Retail Price Of Electricity 2010-2014 In Hawaii And United States
Figure 3: HCEI Defines Goals And Strategies Across Four Sectors

ORGANIZATIONS MENTIONED

Alstom Grid, Bidgely, Arizona Public Service, Carbon War Room, E.ON, Hawaiian Electric Company, Hawaii Electric Light Company, Hawaiian Electric Industries, Hawaii Clean Energy Initiative, Hitachi, Honeywell, IBM, Maui Electric Company, National Renewable Energy Laboratory, New York State Public Service Commission, NextEra Energy, Opower, Public Utilities Commission, Rocky Mountain Institute, US Department Of Energy, US EIA, ZBB Energy