Welcome to the first edition of KPMG’s new power and utilities magazine, Plugged In, designed to be of interest to anyone with a connection to the industry.
Decarbonization and electrification are twin trends that have come to define modern energy systems. The power and utilities (P&U) industry, particularly electricity generation, is undergoing dramatic change as a consequence. Renewable energy, both grid-scale and distributed, coupled with the digital revolution, alters the grid's topology and adds colossal complexity to the electricity supply chain.
It's no exaggeration to say that electricity underpins nearly every facet of modern life —without which our daily existence is threatened. To deliver the 24/7 service that society demands, P&U providers must remain solvent, efficient and secure in a volatile market with high capital and maintenance costs and talent scarcities. Additionally, regulators are placing higher demands on the P&U industry to demonstrate it has done everything it can to avoid outages.
In this edition, we look at how companies can face up to the increasing levels of risk and resulting efforts to remain resilient and continue to power people, organizations and nations.
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