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Exploring the utility customer of the future

Learn about the changing utility customer experience

The rise of personalized consumer experiences across industries has also set a new standard of consumer engagement for utility companies. With electricity customers becoming both consumers and producers, how can the utility profitably maintain and grow its relationship with households, especially now amid COVID-19-related industry disruption? We explore the benefits of an energy platform designed to meet the demands of a changing utility customer experience and how utilities can best address the industry’s new challenges by accelerating digital transformation.

Tune in to the utility customer expectations podcast

The COVID-19 crisis and the related economic downturn are an external disaster that all utility companies are contending with now.

How can utilities overcome these disruptions? In this podcast episode, we share how it’s important for utility companies, now facing a higher bar for consumer engagement, to advance and take advantage of new digital ways to communicate and interact.

Hear how the 3Ds are reshaping the power industry and transforming customer expectations. And, we also discuss the interconnectivity of the customer and utility journey and how the current pandemic situation is affecting the customer experience.

A new frontier: Consumer engagement for utility

Will data-rich smart homes be the next frontier of consumer engagement? Some utility companies say yes. Big technology and subscription service delivery have raised the bar on consumer expectations. And the bidirectional flow of data to and from smart homes can offer a more personalized utility customer experience.

Based on the findings from our recent report on the utility customer of the future, this infographic provides insight into the utility customer of the future—as well as the drivers, disruptors, and destinations that interrelate along the customer and utility journeys.

Utility customer of the future: Drivers, disruptors, and destinations

From ratepayer to transumer: A customer’s journey

As part of its examination of the utility consumer of the future, our Deloitte Insights article examines the journey to smart platforms that can deliver an elevated human experience.

Typically, the journey starts with a unidirectional commodity transaction between ratepayers and the utility. As energy choice grows and electrons gain attributes such as “greenness” and time-varying rates, utilities can start offering consumers a customer experience.

The most significant development in the journey often occurs when a smart home’s resources enable a bidirectional flow of energy and data between the utility and prosumers. Finally, some utility pilots are exploring peer-to-peer trading among customers we refer to as transumers in transactive markets.

Beginning with prosumers, the wealth of data can enable a more personalized approach, accounting for the different values that people assign to various energy attributes. By connecting these attributes to individual stories during key moments that matter, the utility can deliver elevated human experiences.

The utility customer of the future
Read the full article on Deloitte Insights

Stay ahead of the utility customer experience

Broaden your perspective on utility industry trends and the changing energy landscape.

Utility 2.0: Winning over the next generation of utility customers
The power and utilities industry is on the cusp of transformation driven by technological advances, decreasing energy intensity, heightened environmental awareness, and evolving customer expectations. Although the power and utilities business model has remained relatively unchanged over the past century, traditional electricity, natural gas, and water utility providers are not exempt from the growing influence of these transformational forces.

Choose, aggregate, transact: Increasing options for electricity customers
How is renewable energy demand driving utility business model change? Demand for renewable energy and increasing penetration of distributed energy resources is transforming the industry. Learn how utility business models are changing in response to this new paradigm.

Digital innovation: Creating the utility of the future
As disruptive forces transform the power and utilities sector, many companies are turning to digital technologies and a more innovative mindset to thrive in the new era. Those that don’t seize the opportunity to evolve risk being left behind or displaced by more agile players.

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