December 17, 2024
MGK Special Report | Exploring the Frontier of Utility Value-Added Services
With the imperative to provide sustainable energy increasingly joining the safe, reliable, and affordable mandate, the idea that utilities can provide value-added services beyond just delivering electricity and gas has gained momentum around the United States. Value-added services are broadly defined as a utility’s programmatic offerings to customers outside the traditional business of delivering safe, reliable, and affordable system power and gas.
With the imperative to provide sustainable energy increasingly joining the safe, reliable, and affordable mandate, the idea that utilities can provide value-added services beyond just delivering electricity and gas has gained momentum around the United States. Value-added services are broadly defined as a utility’s programmatic offerings to customers outside the traditional business of delivering safe, reliable, and affordable system power and gas.
Examples of value-added services utilities are offering today include support and incentives for:
- Electrification, ranging from support for electric vehicle (EV) charging infrastructure to rebates for EVs, air source heat pumps, and electrified commercial and industrial equipment
- Distributed energy resources (DERs), ranging from battery storage systems to rooftop solar and more
- New approaches to reduce, shift and control electricity use at key times, including demand response, flexible demand, and energy efficiency programs
- Resiliency solutions such as microgrids
In this special report, we share results from a survey of utility leaders revealing their views on developing microgrids as value-added services for customers, then explore the vanguard of value-added services related to EVs, DERs, demand response and more offered by six leading utilities from around the country