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Industry Landscape
The electric utility industry in the US is undergoing a significant transformation towards decarbonization, digitalization, and decentralization. There's a growing emphasis on integrating renewable energy sources, modernizing grid infrastructure (smart grids), and improving resilience against extreme weather. Customer expectations for reliability, efficiency, and new energy services are also driving innovation, with cooperatives playing a key role in rural areas.
Total Assets Under Management (AUM)
Total Electricity Sales in United States
~Approximately 4,000 billion kWh annually (US market)
(1.5-2.5% CAGR)
- Residential demand: Stable to slight increase due to population growth and electrification.
- Commercial/Industrial demand: Varies with economic activity, growing with data centers and EV charging.
- Energy efficiency: Counteracts some demand growth.
Total Addressable Market
400 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Distributed Energy Resources (DERs)
DERs, including rooftop solar, battery storage, and electric vehicles, are transforming the centralized grid by allowing energy generation and consumption closer to the point of use.
Advanced Grid Modernization (Smart Grids)
This involves integrating digital technologies into the power grid for enhanced monitoring, control, and automation, improving reliability, efficiency, and resilience.
Artificial Intelligence (AI) for Grid Optimization
AI and machine learning are being used to forecast energy demand, optimize grid operations, predict outages, and manage complex DER integrations efficiently.
Impactful Policy Frameworks
Infrastructure Investment and Jobs Act (IIJA) 2021
The IIJA provides significant federal funding for grid modernization, clean energy transmission, and resilience improvements across the United States.
This policy provides substantial funding opportunities for Georgia EMC to invest in grid upgrades, renewable energy integration, and infrastructure resilience.
Georgia's Integrated Resource Plans (IRPs) Filings (Ongoing)
The Georgia Public Service Commission (PSC) requires utilities like Georgia Power (and influences EMCs) to file IRPs every three years, outlining their long-term energy generation and demand forecasts and resource acquisition plans, increasingly emphasizing renewables and grid modernization.
These ongoing plans directly influence the resource mix and infrastructure investments Georgia EMC and other utilities must consider, driving towards more renewable adoption and grid resilience.
Federal Energy Regulatory Commission (FERC) Order 2222 (2020)
FERC Order 2222 enables distributed energy resources (DERs) to more fully participate in wholesale electricity markets operated by regional grid operators, promoting competition and grid efficiency.
While Georgia EMC operates in a state with a vertically integrated utility model, FERC Order 2222 sets a federal precedent that can influence state-level policies and open pathways for DER integration and new market opportunities for members.
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