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Regular version of the site

Book chapter

Digital Transformation of Electric Utilities

P. 1-3.

This paper is devoted to the analysis of challenges and opportunities that emerge from the process of digital transformation in electric utilities. It presents a part of an ongoing study on asset management in electric utilities. Increasing demand for electricity and technological advancement are one of the main factors stimulating digital transformation both in developing and advanced economies. While digital transformation implies high costs and long-term investments, electric utilities can benefit significantly during this process. We propose a theoretical model of value creation in the process of digital transformation with the use of the Porter’s value chain framework. It turns out that generation, transmission and distribution, and retail companies seem to have opportunities to capture significant value form digitalization.

In book

St. Petersburg: St. Petersburg State University Graduate School of Management, 2019.