Redefining Our Business Value
Duke Energy exists to provide our customers and communities with energy that is affordable, reliable and increasingly clean, and to create value for our investors. To continue to do this in a carbon-constrained world requires that we redefine the boundaries of our current business model to creatively respond to the challenges of a more environmentally conscious future.
Transforming the way we do business
We are transitioning our company from a traditional power system to one based on more efficient capital and energy use, and with significantly less environmental impact. These pages illustrate the dynamic nature of this transition and the realities of the business boundaries we are working to redefine, as we remain focused on our core business.
From 12 one-way meter information points (monthly bills) per year to more than 35,000 two-way information points via “smart meters.” Real-time data is used by both customers and Duke Energy to increase energy efficiency and better balance supply and demand with improved load forecasting.
From approximately 70 percent fossil fuels (regulated generation megawatt-hours) to a greater mix of renewable energy, including wind, solar and biomass, as well as nuclear energy and energy efficiency.
From a constrained grid in parts of our service territory to a modernized and expanded grid, with increased capacity to connect rapidly growing sources of renewable energy, especially new wind energy capacity, to our system.
From an unintelligent grid to a smart grid that enables improved customer service and increased energy efficiency by enabling us to go beyond the meter. The grid transitions to become a two-way information network — “an energy Internet” — as well as an energy delivery network.
From mostly fossil and nuclear plants, to increased energy efficiency to avoid building new plants. Enhanced ability to meet future customer demand, with cleaner coal, the retirement of older fossil units, distributed generation, new nuclear capacity and energy efficiency. Commercial businesses transition to being primarily a supplier of renewable energy.