The electric power industry is reaching beyond traditional
generation, transmission and distribution functions to include power marketing,
energy services, and information technology-based services and products; all
geared to providing greater customer value and retaining their customers in a
competitive market. We envision a transformation of the traditional electricity
supply network into the bundled delivery of power, information and related
services. Such networks will enable real-time access to relevant market
information, as well as innovations leading to process and energy efficiency
enhancements. A "smart" facility in the future will employ microprocessors
embedded in major process components, linked with intelligent controllers and
electronic metering/communications systems. The integrating system will analyze
facility performance, diagnose equipment problems and recommend needed service,
and identify cost effective choices for materials and energy inputs. For
example, the energy customer with suitable equipment will be armed with the
information to make informed choices between natural gas and electricity energy
options during periodic price fluctuations. Real-time communications via radio
frequency, fiber, or power line carrier will strengthen alliances between
customers and their power and energy service providers and provide greater value
for both the energy buyer and seller.