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2018 Power and Utilities Industry Outlook

Trends and opportunities in a changing industry

​Technological, regulatory, and competitive forces lead utility executives to believe their companies will look very different in the next three, five, or 10 years. What will that change look like and how will the industry manage it? Read about the state of the industry and learn ways to harness emerging opportunities in a period of uncertainty in Deloitte’s 2018 Power and Utilities Outlook, a take from Scott Smith, US Power & Utilities leader, Deloitte LLP.

Trends transforming the power industry

Looking back at 2017, we see a year marked by multiple well-entrenched trends, including the changing fuel mix, falling power prices, rising renewable demand, the proliferation of distributed energy resources, and deepening commitment to resilience and cybersecurity. Change has come unevenly across the United States, with the pace often determined by regional differences in market and regulatory structures, resource availability, customer preferences, and the retail price of electricity.

As we stand several years into an electric power industry transformation, ... the grid is ‘smarter,’ electricity sources are cleaner, and customers have more choices than ever before. But the change is likely just getting started.

Download the outlook for further insight on how utilities can harness opportunities in the power industry transformation.

Scott Smith’s take on 2018

As the industry transformation continues to unfold, current trends will evolve and others will likely emerge. Uncertainty will be a constant. But fortunately, some bright spots on the horizon can help illuminate the path for electric power companies. Two of the most promising trends are the projected demand lift from transport electrification and the potential benefits of digitalization.

We expect digitalization to increasingly enter the spotlight, as electric power companies map out new ways to deploy rapidly advancing technologies to address challenges and harness opportunities.

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Additional perspectives on energy industry trends

Renewable Energy Industry Outlook

Recent years have seen accelerating market presence for renewable and distributed energy, driven by technological progress, declining costs, and evolving societal, and consumer preferences. As renewable energy adds scale, the favorable underlying forces look set to remain strong, although, we may see near-term headwinds in a more uncertain regulatory environment.

Read our 2018 Renewable Energy Industry Outlook

Oil and Gas Industry Outlook

With the oil and gas industry in its fourth year of this extended downturn, OPEC policy, the future of unconventional oil, and the strength of demand determining prospects for recovery, we focus on trends for 2018 that likely have staying power. These include the confirmation of the United States as a globally important oil and gas exporter, continued progress on cost reduction, and efficiency in US unconventional oil drilling, rising natural gas demand in more sectors, and geographies, and the onset of the digital age—bringing perhaps a step change in the oil and gas sector's ability to boost productivity while also reducing cost.

Read our 2018 Oil and Gas Industry Outlook

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Look again

In today’s rapidly evolving marketplace environment, key business issues are converging with impacts felt across multiple industry sectors. What are the key trends, challenges, and opportunities that may affect your business and influence your strategy? Look for more perspectives and insights from some of Deloitte’s forward thinkers.

Discover more Industry Outlooks.

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