Grid modernization efforts will play a critical role in today’s changing energy landscape. Demonstrating the value of grid modernization investments is necessary to gain regulatory approval of the program. As has been witnessed recently in some jurisdictions, a grid modernization program will only proceed if it can demonstrate positive outcomes to utility customers and regulators. The cost-benefit frameworks and key takeaways described above can guide the development of grid modernization proposals by ensuring benefits are taken into account and will improve the probability of regulatory approval of your grid modernization program.
Additional Authors: Mike Kerrigan and Sarah Vondracek