The energy “roller coaster” never ceases with new turns and spirals which make for a challenging ride. Those who started on this ride in the 1970’s have witnessed every event possible which certainly would make a good novel rather than an historical docudrama. In 1995 the winds of change are once
again blowing and wiping away our preconceived notions about electric power.
Who would have envisioned that the stable utility infrastructure would be turned upside down?
Utilities have downsized and reduced staff in the mid 1990’s, utility stock prices tumbled by 30% or more and now there is the reality of retail competition. Global economic competition is creating pressures for lower electricity prices. Retail wheeling has already become a reality. The United Kingdom
is implementing a common carrier electricity distribution system that allows retail customers to select from competing suppliers. Daily developments in California, Michigan, Wisconsin and other states indicate that companies must reevaluate the way they purchase power. New opportunities will certainly open up, but with every new scenario there are hidden risks. Reliability of power and how to structure a power marketing deal are just some of the new factors energy managers must evaluate. At the start of 1995 there were over 100 companies which have been granted the status of power marketers. Their role in helping customers find power at the lowest cost will become a new factor in buying
power.
Needless to stay the deregulation of the electric utility marketplace is one of the milestones in the “energy roller coast ride” of the 1990’s. Energy managers need to have all the tools to evaluate both supply side and demand side options. They need to know how to put into perspective new technologies as they impact energy use. They need to see the whole picture and understand how the nontechnical issues impact their decision making. Probably the most important reference source to help energy managers cope with these challenges is the Energy Management Handbook by Wayne C. Turner. I am pleased to have played a part in contributing to this impressive work which has guided energy managers for over a decade. This book has helped students learn the basic principles of energy management as well as shown seasoned professionals advanced energy technologies. This newly revised
edition in sure to play a key role in helping energy managers meet the new challenges ahead.
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