The UK's capacity market auctions are intended to ensure security of electricity supply. The most recent auction, while successful in awarding contracts for new generating capacity, was far from the giant leap that many were expecting. Peter Hughes, Black & Veatch`s Director of Business Development for energy in Europe, considers what is necessary to ensure the system creates a more robust energy supply.
The NIST Framework is built around five “Core Functions” that are intended to help organizations develop an operational culture that addresses enterprise cybersecurity risk. Each core function includes three-to-six subcategories.
Most power utilities are compliant with regulatory standards for protecting the bulk electric system. However, vulnerabilities exist beyond these regulations and a coordinated, multi-tiered security risk framework is essential for proactively mitigating risks across the entire utility enterprise.
Today's service providers are faced with multiple variations of siloed network architectures and technologies that are not easily upgraded or expanded. That makes adding capacity, new services and devices difficult and expensive.
The Black & Veatch 2017 Strategic Directions: Smart City/Smart Utility Report investigates the progress made by communities and utilities as they continue their evolution toward smarter infrastructure. Around the globe, cities and utilities are beginning to see tangible results from preliminary efforts and are gaining confidence in what a smart city can be.
Holistic and scalable smart systems depend on two major moves—embracing technology to make systems as efficient as they can be and increasing stakeholder engagement. To fully realize the smart city and smart utility promise, cities and utilities need to create a network of digital infrastructure.
Although governments and municipalities believe strongly in the smart city model, they continue to struggle to fund these efforts. According to survey data from the 2017 Strategic Directions: Smart City/Smart Utility Report, only 16 percent of municipalities can self-fund a smart city initiative.
Given the rapid pace of change in 2016, it can be hard to believe that only a few years have passed since advanced street systems began their move from the concept stage to initial city deployments. In 2015, only 12 percent of Strategic Directions: Smart City/Smart Utility Report survey respondents indicated they were piloting a smart city program.