World Utility Summit was conceptualised to provide a wider forum for utilities to deliberate together on changes that will come, probable ideas and solutions to deal with continuous changes. World Utility Summit is scheduled in 2023 with theme Sustainable Transformation of Utilities. The electricity ecosystem is undergoing an unprecedented transformation with the proliferation of renewables, distributed generation of resources and electric vehicles on one side and consumer activism and regulatory pressures on other. These developments can help utilities to embrace the complexities of the network and to prepare to drive decisions based on probabilities and real-time data.
Create a global forum where the world utility leaders continually engage in dialogue and exchange information.
To ensure that the world Utilities anticipate and address challenges together.
IEEMA is the first ISO certified industry association in India, with 950 + member organizations encompassing the complete value chain in power generation, transmission and distribution equipment. Its membership base ranges from public sector enterprises, multinational companies to small, medium and large companies. IEEMA members have contributed to more than 95% of the power equipment installed in India.
ELECRAMA is the flagship showcase of the Indian Electrical Industr y ecosystem and the largest congregation of power sector ecosystem in the geography. ELECRAMA brings together the complete spectrum of solutions that powers the planet from source to socket and everything in between. Featuring not just equipment & technology, but peerless thought leadership platforms for everything electric - from technical conclaves to industry summits.
EEE, an association dedicated to advancing innovation and technological excellence for the benefit of humanity, is the world's largest technical professional society. It is designed to serve professionals involved in all aspects of the electrical, electronic, and computing fields and related areas of science and technology that underlie modern civilization.
The Power & Energy Society (PES) provides the world's largest forum for sharing the latest in technological developments in the electric power industry, for developing standards that guide the development and construction of equipment and systems , and for educating members of the industry and the general public. Members of the Power & Energy Society are leaders in this field, and they — and their employers — derive substantial benefits from involvement with this unique and outstanding association.
Aligned to futuristic technologies of utilities, this summit would bring in thought leaders from across the globe to deliberate the preparedness of utilities to deal with the transformational changes. Regulators, technology providers, consultants, government bodies and utility leaders are expected to share their views on the various challenging and exciting scenarios and help shape the future roadmap of utilities.
Utilities get their revenues primarily via billing the customers for their demand and energy usage. New energy ecosystem, with multiple options for consumers to meet their electricity demand, will pose stiff competition to the utilities. Earlier for paying electricity bills a long queue was made but in today's era the process has been digitised. With the use of smart metres, every process is digitised and simple. The questions arise in what manner digitization of energy ecosystem will affect the consumers?
Proper asset management helps the service providers to enhance their efficiency effectively. Any breakdown in this process brings the potential for catastrophic failure in the national infrastructure. Therefore, this allows you to:
The pillars of asset management are:
In this environment, the Utilities, Government and other stakeholders should endeavour for building resilience and mitigating risks to customers. Thus, protecting them from risk that threatens life, property and economic loss. Important pillars to improve our national grid resilience are:
The Indian power sector has evolved considerably and undergone major transformations targeted at improving grid efficiency, security, stability, and consumer experience. However, the distribution utilities remain the weakest link in the power sector value chain. The deployment of advanced technologies such as smart-grids can reduce pilferage, enhance consumer participation, and realise more revenues through losses reduction, lower energy costs, and eliminate manual intervention. Further, the combination of advanced technologies, innovative market models and consumer engagement strategies can support solutions like grid interactive buildings and enable consumers to support the distribution utilities in managing the demand supply balance. Together, such technologies and solutions have the potential to transform the distribution utilities and accelerate the use of clean energy resources in power grids.
In the current scenario, Energy and Utilities executives are working towards sustainable practices. Almost half of the energy and utilities respondents have committed to a net zero goal. The key thrust for sustainable utilities are upcoming government policies favourable to consumers and industry, increasing consumer and shareholders demand, and decreasing cost of renewable energy. The important question arises how the Utilities are building a sustainable future.
The Indian renewable energy sector is the fourth most attractive renewable energy market in the world. As of May 2022, India's installed renewable energy capacity stood at 159.94 GW which is 39.70 % of the overall installed power capacity. This track will cover the latest developments in technologies, novel business ideas, grid dynamics, learnings from pilot demonstrations and working considerations associated with these technologies. The topic will emphasis on Green Hydrogen, Electrification of Transportation, Nuclear & Biomass.