Anne Pramaggiore President & Chief Executive Officer ComEd

Transcription

1 Anne Pramaggiore President & Chief Executive Officer ComEd

2 Utility of the Future 3 trends are disrupting the utility industry requiring us to respond differently than we have before 1 Climate change is requiring action Clean energy legislation (renewables, EE) Increase in weather related outages Clean Lean 2 Technology innovation is accelerating Installation base of solar is growing Costs of solar/ storage are declining Decentralized 3 Customers are increasingly digital Customer segments of one Pervasive connectivity Communal With new participants 2

3 Any customer can have a car painted any colour that he wants, so long as it is black. Henry Ford

4 We are experiencing a clean energy revolution in the United States. (from Revolution Now report) Dr. Ernest Moniz Secretary of Energy

5 The Power of Networks Enhance Choice Generate Efficiencies Create Opportunity

6 Other industries have evolved by turning to the platform business model Pipe Model focus on the product Platform Model focus on the interaction Value = f(qualities of the final product) Value = f(number of transactions) Production Assembly Distribution Consumers Platform Producers Companies produce, assemble, and distribute goods and services to end customers through a process Value is created through the optimization of this process Companies enable interactions between both producers and consumers, with parties potentially shifting between roles Value is generated through creation, curation, and consumption of content 3 types of exchanges: information, goods/services, currency Proprietary & Confidential 6

7 Platform for Utility of the Future Data services Home appliances Energy transactions Connected devices Community solar UTILITY PLATFORM Pre-provisioned DR enrollment DER offerings Financing SMB programs Home services 7

8 8 The Three Networks of the Utility of the Future ComEd s direct relationship with every resident, business, and municipality in northern Illinois, as well as residents interacting with each other. Today, ComEd s social interactions are comprised of everyday transactions such as reading meters, providing customer service and billing. Tomorrow, ComEd s social interactions will be guided by personalized information and insights, as well as customers providing services or information that can be used by the broader community. Social Network ComEd s digital network layered between the social and physical networks enables the transmission of data and information. Today, ComEd s digital network is comprised of systems to support core utility functions (customer billing and grid operations). Tomorrow, ComEd s digital network will evolve to include the collection and transmission of data to optimize grid planning and operations. This enables non traditional service offerings that enhance security, resiliency and liveability of our communities and facilitate drawing insights from business intelligence and data analytics and new service offerings to our customers. Digital Network ComEd s electricity delivery network of 105,000 miles of T&D power lines and over 1,300 substations. Today, ComEd s physical network is the legacy of traditional T&D infrastructure that is designed, constructed, and serviced to meet the present and future needs of our 3.8 million customers. Tomorrow, ComEd s physical network will be enhanced by innovative grid edge technologies (Microgrids, battery storage, smart infrastructure) to optimize our existing assets while unlocking grid flexibility (e.g. multi directional power flow) and new value streams for our customers. Physical Network The electric system platform stack: physical grid; digital and data network; and, social network. 8

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