This IDC Market Perspective analyzes worldwide smart customer operations in the energy sector. It outlines M&As, agreements, reorganizations, and major business developments; customer care and billing events; smart metering, conservation and energy-efficiency initiatives, and sustainability projects; digital transformation; major flexibility, electric vehicle (EV), and battery energy storage projects; and generative AI (GenAI) initiatives in 2Q23."Unpredictability has become the name of the game among utilities. The events of the past two years have changed the game. While more immediate matters such as supply security, demand efficiency, and tariff impacts on energy consumers are drawing attention from long-term initiatives, contingent factors such as extreme drought and catastrophic weather events are vivid reminders that climate is a non-linear process that must be addressed with extreme urgency. Utilities will continue to prioritize their net-zero journeys and sustainability efforts, with affordability being of paramount importance," said Gaia Gallotti, associate research director, IDC Energy Insights.
Please Note: Extended description available upon request.
Executive Snapshot
New Market Developments and Dynamics
Situation Overview
Business Environment, 2Q23
Demand and Prices
Oil Prices
Electricity Prices
Utilities and GenAI
M&As, Agreements, Reorganizations, and Major Business Developments, 2Q23
Iberdrola, Spirax-Sarco Invest in Norway's Kyoto Group
NIE Invests $3.7B into Network Resilience
EDP Investment Brings Mixergy to Portugal
Customer Care and Billing, 2Q23
Kaluza Completes OVO Energy Australia Customer Migration
PG&E Delivers Home Energy Reports to Customers via Oracle Utilities Opower Solution
Gentrack, Water Authority of Fiji Partner for Transformation
U.S. City of Columbia Extends Agreement with Hansen Technologies
Bidgely Partners with Moro Hub to Deliver AI-Powered Energy Insights
Netze BW Launches Smart Submetering Pilot in Germany
Smart Metering, 2Q23
PVVNL Chose IntelliSmart to Install 6.7M Smart Meters in India
Airtel, Secure Meters to Deploy 1.3M NB-IoT Smart Meters in India
Tauron Invests in 600,000 Smart Meters and Grid Modernization