COVID-19 impact on Utilities, role of Load Forecasting & changing imperatives of Revenue Assurance the start till recovery & beyond
About the Episode
Power consumption has already gone down from 10% to 40% in many countries. With #workfromhome & #socialdistancing it is important for the utilities to ascertain the imbalance with the machine learning based forecasting approach and hierarchical planning systems . Coupled with the meltdown of global oil prices, RE generation may face a challenge from procurement support for a large period that may hit profits. Meter to cash cycle is also seeing challenging times and getting extended. The leadership team needs to gear up to deep analysis, scenario planning and simulation to optimize investments, build innovative grid operations & maintenance approach to keep the lights on.