2023 Utility Trend: Utility Business Models Are Evolving From ‘Ego-Centric’ to Eco-Centric

Democratization of energy provisioning is forcing utilities to evolve their business model from internally focused “ego-centric” to an externally focused, collaborative, eco-centric business model.

In this new collaborative energy world, the success of utility companies can no longer be measured exclusively on internal efficiency. Success is now measured on how they create value by integrating and orchestrating external actors and their resources in the energy provisioning business.

Changing a business model from “ego-centric” to eco-centric means utilities must ensure that their digital technology strategy and technology investments reflect this shift. This insightful and fascinating report by Gartner will provide you with all the fine points you need to know about:

• the energy transition and how it is impacting the existing utility business model
• why the utility business model is changing from “ego-centric” to eco-centric
• latest trends and examples that are emerging across the globe
• implications of this changing business model
• actions utilities need to take to navigate the technology-driven transformation and create a utility-based orchestration structure

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Source: 2023 Utility Trend: Utility Business Models Are Evolving From ‘Ego-Centric’ to Eco-Centric 

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