EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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EY UtilityWave
This managed smart metering and billing service helps utility clients reduce costs and risk while increasing operational efficiency.
Decarbonizing, decentralizing and digitizing the traditional grid model
Distribution system operators face multiple challenges in transitioning to a new energy system, such as:
- Dealing with reduced appetite for large-scale investments due to pressure from customers and regulators for greater interaction and responsiveness from energy providers
- Supervising utilities that are focusing on core services and strategically outsourcing managed services
- Overseeing flexibility, interoperability and scalability of information technology (IT) and operational technology (OT) offerings that are now becoming critical
- Addressing the ‘Waterfall’ approach, which is costly and prone to delay agile change delivery
- Identifying utilities that are shifting delivery risk onto product/service providers
The new energy world creates an urgency for utilities to build an enhanced set of digital capabilities that will support maintaining its role as the connector of energy supply and demand.
EY UtilityWave is a digital offering that helps our clients to seamlessly transition to the digital grid. The offering helps deliver the capabilities needed to tackle the biggest challenges of a digital, dynamic energy system in one business-centric platform that connects multiple legacy systems, new IoT devices and diverse sources of data. The capabilities include broad visibility, effective control and opportunities to unlock real value from data. A service that brings the depth of EY know-how underpinned by world-class Microsoft technology.
A service that brings the depth of EY know-how underpinned by world-class Microsoft technology
EY UtilityWave helps deliver agile business design
- Consulting services that are rich in industry, subject-matter content and digital transformation expertise designed to deliver outcomes
- Suite of more than five modules and over 30 applications that EY teams can deploy out-of-box and customize for clients
- Core platform capabilities to rapidly ingest, analyze and represent data from disparate systems
- Secure EY-managed cloud infrastructure that is ‘plug and play’ and allows for scaling of services according to clients’ needs
Benefits of EY UtilityWave:
- Innovative best practices in digital grid: Leverages the extensive global experience of EY from 50-plus smart meter and digital grid projects to bring leading insights into its offering design
- Scalable, utility-dedicated platform: Utilizes the Microsoft Azure cloud to provide a scalable platform on which utilities can build future services
- Business-led, technology-powered: Champions an agile business-centric design approach to help utilities manage their ecosystem of smart meters and Internet of things (IoT) devices and maximize the data analytics they produce.
- Flexible commercial models: Operates flexible commercial models and prices that are customizable according to the client's specific requirements
- Modular and configurable services: Uses a set of flexible and modular business services that can be tailored to suit each individual utility’s specific requirements and situation.
Learn more about EY UtilityWave.