Navigant says it’s time for change in Smart Grid News
When it comes the regulatory climate for U.S. electric utilities, Navigant says it might be time for an intervention.
In a recent Smart Grid News article, David O’Brien, director with Navigant, argues that utility regulators need to focus on creating an environment marked by how it affords flexibility, innovation, and new and better ways to meet customer expectations.
“Traditionally, assessing the regulatory climate has been a state-by-state affair and measured based on the degree that utilities and capital markets see a predictable, clear path to cost recovery and utility earnings,” O’Brien writes.
However, with significant disruption entering the utility realm, O’Brien says more profound considerations are influencing the health of the regulatory climate. “We need to take our game up a notch from the usual blocking and tackling over rate case minutiae and haggling over allowed return to build a regulatory climate that is marked by how it affords flexibility, innovation, and new and better ways to meet customers' expectations.”