--- title: Key takeaways from the Future of Utilities Summit description: After attending the Future of Utilities we reflect on the industries ability to challenge the ordinary, champion collaboration and bring innovation to life image: https://www.fluxfederation.com/hubfs/Flux%202.0/Blog/20230323-Future-of-utilities-animated.gif --- aw of [![flux](https://www.fluxfederation.com/hubfs/flux_2023/images/logos/flux.svg) ![flux\_dark](https://www.fluxfederation.com/hubfs/flux_2023/images/logos/flux_dark.svg)](https://www.fluxfederation.com) Platform ##### [![20230822 Flux Nav - Billing -1](https://www.fluxfederation.com/hubfs/General%20Images/20230822%20Flux%20Nav%20-%20Billing%20-1.svg) Billing Configurable, flexible energy billing for today, and tomorrow.](https://www.fluxfederation.com/products-billing) ##### [![20230822 Flux Nav - Billing use cases-1](https://www.fluxfederation.com/hubfs/General%20Images/20230822%20Flux%20Nav%20-%20Billing%20use%20cases-1.svg) Billing use cases Solar and battery, electric vehicles, time of use, PPA, VPP and more.](https://www.fluxfederation.com/billing-use-cases) ##### [![20230822 Flux Nav - Market Operations -1](https://www.fluxfederation.com/hubfs/General%20Images/20230822%20Flux%20Nav%20-%20Market%20Operations%20-1.svg) Market Operations Complete the picture for end-to-end energy retail solution.](https://www.fluxfederation.com/market-operations) ![20230822 Flux Nav - Market Operations use cases-1](https://www.fluxfederation.com/hubfs/General%20Images/20230822%20Flux%20Nav%20-%20Market%20Operations%20use%20cases-1.svg) ##### Market Operations use cases Customer communications, single customer view and more. ##### [![20240314-Flux-Preparing-for-success-Nav-Crop](https://www.fluxfederation.com/hs-fs/hubfs/General%20Images/20240314-Flux-Preparing-for-success-Nav-Crop.jpg?width=1386&name=20240314-Flux-Preparing-for-success-Nav-Crop.jpg) Featured resource Preparing for Success: Four key billing transformation learnings. A must-read for energy companies on the precipice of change. Download now](https://www.fluxfederation.com/preparing-for-success) Insights ##### [![20210608 Flux Icon HOME AUTOMATION CONNECTION BULB\_1 WHITE](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Icons/20210608%20Flux%20Icon%20HOME%20AUTOMATION%20CONNECTION%20BULB_1%20WHITE.png?width=1386&name=20210608%20Flux%20Icon%20HOME%20AUTOMATION%20CONNECTION%20BULB_1%20WHITE.png) Insights The latest updates on everything energy. From growing business value to digital transformation and industry insights. Read more](https://www.fluxfederation.com/blog) ![20210608 Flux Icon MOBILE ELECTRICITY PURCHASE\_1 WHITE](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Icons/20210608%20Flux%20Icon%20MOBILE%20ELECTRICITY%20PURCHASE_1%20WHITE.png?width=1386&name=20210608%20Flux%20Icon%20MOBILE%20ELECTRICITY%20PURCHASE_1%20WHITE.png) ##### Resources A knowledge hub that shares our insight for energy businesses undertaking the changes needed to evolve the sector. Explore the hub ##### [![20240411-Nav-Featured-Resource---iPad-user-preparing-for-success](https://www.fluxfederation.com/hs-fs/hubfs/General%20Images/20240411-Nav-Featured-Resource---iPad-user-preparing-for-success.jpg?width=1386&name=20240411-Nav-Featured-Resource---iPad-user-preparing-for-success.jpg) Featured resource Preparing for Success: Four key billing transformation learnings. A must-read for energy companies on the precipice of change. Download now](https://www.fluxfederation.com/preparing-for-success) [Why Flux?](https://www.fluxfederation.com/flux-offering) Company ##### [About Find out more about the people behind our leading edge platform, our Executive team and Board of Directors. About](https://www.fluxfederation.com/about) ##### [Careers Find out what it's like to work for a remote-first company designing and building innovative retail software for leaders of the energy transition. Careers](https://www.fluxfederation.com/careers) ##### [![20240212-the-benefits-of-modern-tech-1](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20240212-the-benefits-of-modern-tech-1.jpg?width=1386&name=20240212-the-benefits-of-modern-tech-1.jpg) Featured post The time is now: Why the energy sector must adopt modern billing tech Read more](https://www.fluxfederation.com/blog/the-time-is-now-why-the-energy-sector-must-adopt-modern-billing-tech) Talk to an expert Talk to an expert # Key takeaways from the Future of Utilities Summit [Nic Kennedy - CEO](https://www.fluxfederation.com/blog/author/nic-kennedy)  |  23 March 2023 ![20230323-Future-of-utilities-animated.gif](https://www.fluxfederation.com/hubfs/Flux%202.0/Blog/20230323-Future-of-utilities-animated.gif) ![blue gradient waves](https://www.fluxfederation.com/hs-fs/hubfs/flux_2023/images/bgs/blog-bg.png?width=1386&name=blog-bg.png) I recently attended the [Future of Utilities Summit](https://marketforcelive.com/future-of-utilities/events/utilities-summit/) in the UK with other senior leaders across the European energy sector. This is an event that, in the words of the organisers, challenges the ordinary, where collaboration is championed, and innovation comes to life. The energy industry has not traditionally been collaborative, so an event such as this represents a much needed mindset shift and signifies an era where organisations at the forefront of energy innovation are open to taking a coordinated and strategic approach to how this looks. There were some excellent, insightful speakers and lots of food for thought. Here are my key takeaways: - It’s great to see that net zero is at the top of everyone’s agenda and this indicates growing awareness of the immense scope of the challenge. Getting there requires whole-of-industry cooperation if we are to meet the ambitious goals in front of us. - There is no room for antiquated legacy IT systems or vendors that won’t play nicely with others. - To that end, best of breed energy-specific tech stacks are the only way forward. Technology must not only enable innovation, but actually make it easy. The establishment of new tariffs, products, solutions and practices like micro billing must all be quickly and efficiently doable within a matter of hours or days, not months or (dare I say) years. - Energy retailers that continue with legacy systems and are not able to adapt quickly risk losing relevance and market share if they are unable to manage demand response and energy efficiency. At Flux we always say ‘you can’t sell what you can’t bill’ - the market won’t wait. - History is littered with failed and sub-standard billing replacement projects, so the hesitance execs may feel is understandable. But fear is not a reason not to change. Choosing the right suppliers who can mitigate risk and deeply partner to enable energy retailers to adapt to the future that is unfolding has never been more critical. What all this boils down to is that energy businesses must transform, not only to remain relevant and competitive, but because the need for a new, more sustainable future of energy is vital. And as the organisations are the forefront of energy, we all have a role to play in creating a cleaner future. Partnerships are key - across technology to maximise value of solutions, across aligned organisations to transfer knowledge, and as an industry to maximise efforts.  It’s certainly an exciting time to be part of the energy revolution.  [![20230313-Flux-Digital-Transformation-Promo-Block](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20230313-Flux-Digital-Transformation-Promo-Block.jpg?width=1400&height=534&name=20230313-Flux-Digital-Transformation-Promo-Block.jpg)](https://www.fluxfederation.com/energy-shifts)   ### Continue learning how we can help you ##### [![20240516-streamline-debt-manangement](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20240516-streamline-debt-manangement.jpg?width=1386&name=20240516-streamline-debt-manangement.jpg) Growing business value Streamline debt management and drive profitability Read the story](https://www.fluxfederation.com/blog/streamline-debt-management-and-drive-profitability) ##### [![20240319-4-challenes-for-seller-1](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20240319-4-challenes-for-seller-1.jpg?width=1386&name=20240319-4-challenes-for-seller-1.jpg) Growing business value 4 big challenges for energy sellers, according to the tech experts Read the story](https://www.fluxfederation.com/blog/4-big-challenges-for-energy-sellers-according-to-the-tech-experts) ##### [![20220211-VPP-blue-noise](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20220211-VPP-blue-noise.jpg?width=1386&name=20220211-VPP-blue-noise.jpg) Growing business value Turning virtual into reality: Operationalising Virtual Power Plants Read the story](https://www.fluxfederation.com/blog/turning-virtual-into-reality-virtual-power-plants-for-energy-business) ##### [![20221208-Cost-out-value-in](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20221208-Cost-out-value-in.jpg?width=1386&name=20221208-Cost-out-value-in.jpg) Digital transformation Can you have it all? Driving value in and cost out in a digital transformation Read the story](https://www.fluxfederation.com/blog/driving-value-in-and-cost-out-in-a-digital-transformation) ##### [![20240410-billing-software-for-australia](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20240410-billing-software-for-australia.jpg?width=1386&name=20240410-billing-software-for-australia.jpg) Growing business value How modern billing tech can help energy sellers with the energy crisis Read the story](https://www.fluxfederation.com/blog/how-modern-billing-tech-can-help-energy-sellers-with-the-energy-crisis) ##### [![20240411-Energy-Transition-Blueprint-Refresh](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20240411-Energy-Transition-Blueprint-Refresh.jpg?width=1386&name=20240411-Energy-Transition-Blueprint-Refresh.jpg) Growing business value Invest to stay in the game: Flexible tech is a blueprint for success Read the story](https://www.fluxfederation.com/blog/invest-to-stay-in-the-game-a-blueprint-for-the-energy-transition) ##### [![20231116-customer-retention](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20231116-customer-retention.jpg?width=1386&name=20231116-customer-retention.jpg) Growing business value How modern billing software supports customer retention Read the story](https://www.fluxfederation.com/blog/how-modern-billing-software-supports-customer-retention) ##### [![20240212-the-benefits-of-modern-tech-1](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20240212-the-benefits-of-modern-tech-1.jpg?width=1386&name=20240212-the-benefits-of-modern-tech-1.jpg) Digital transformation The time is now: Why the energy sector must adopt modern billing tech Read the story](https://www.fluxfederation.com/blog/the-time-is-now-why-the-energy-sector-must-adopt-modern-billing-tech) ##### [![20231214-End-energy-user](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20231214-End-energy-user.jpg?width=1386&name=20231214-End-energy-user.jpg) Growing business value Why we mustn’t forget the customer as we power the energy transition Read the story](https://www.fluxfederation.com/blog/why-we-mustnt-forget-the-customer-as-we-power-the-energy-transition) ##### [![20231213-Nic-in-Europe---Collaboration](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20231213-Nic-in-Europe---Collaboration.jpg?width=1386&name=20231213-Nic-in-Europe---Collaboration.jpg) Industry Insights Collaboration: the critical success factor of the energy transition Read the story](https://www.fluxfederation.com/blog/collaboration-the-critical-success-factor-of-the-energy-transition) ##### [![20231009-modern-billing-tech](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20231009-modern-billing-tech.jpg?width=1386&name=20231009-modern-billing-tech.jpg) Digital transformation Why modern billing tech is essential in the new energy economy Read the story](https://www.fluxfederation.com/blog/why-modern-billing-tech-is-essential-in-the-new-energy-economy) ##### [![20230922-Dreamforce-insights](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20230922-Dreamforce-insights.jpg?width=1386&name=20230922-Dreamforce-insights.jpg) Industry Insights Dreamforce 23: Insights into the energy revolution and our roles in it Read the story](https://www.fluxfederation.com/blog/dreamforce-23-insights-into-the-energy-revolution-and-our-roles-in-it) ##### [![20230913-Flux-Dreamforce-product-launch-1000x525](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20230913-Flux-Dreamforce-product-launch-1000x525.jpg?width=1386&name=20230913-Flux-Dreamforce-product-launch-1000x525.jpg) Digital transformation Flux launches world-first product for scaling decarbonisation solutions Read the story](https://www.fluxfederation.com/blog/flux-launches-world-first-product-for-scaling-decarbonisation-solutions) ##### [![Decarbonisation, decentralisation and digitalisation of the energy sector](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20230907-Flux---The-3-Ds.jpg?width=1386&name=20230907-Flux---The-3-Ds.jpg) Digital transformation Is the energy sector ready for the 3 Ds? Read the story](https://www.fluxfederation.com/blog/is-the-energy-sector-ready-for-the-3-d-s) ##### [![20230822-Customisation-over-configuration-noise](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20230822-Customisation-over-configuration-noise.jpg?width=1386&name=20230822-Customisation-over-configuration-noise.jpg) Growing business value Configurability vs customisation: 4 tips for your next tech purchase Read the story](https://www.fluxfederation.com/blog/configurability-vs-customisation-4-things-to-consider-for-your-next-tech-purchase) ![purple gradient waves](https://www.fluxfederation.com/hs-fs/hubfs/flux_2023/images/bgs/form-bg.png?width=1386&name=form-bg.png) ## Be the first to know! Sign up for the latest updates in technology, changes, regulations, and new energy products from Flux. ###### Platform [Billing](https://www.fluxfederation.com/products-billing) [Market Operations](https://www.fluxfederation.com/market-operations) [Billing Use Cases](https://www.fluxfederation.com/billing-use-cases) Market Operations Use Cases ###### Insights [Blog](https://www.fluxfederation.com/blog) Knowledge hub ###### Flux Offering [Why Flux?](https://www.fluxfederation.com/flux-offering) ###### Company [About Us](https://www.fluxfederation.com/about) [Careers](https://www.fluxfederation.com/careers) Contact Us ###### Sign up for the latest news ![flux](https://www.fluxfederation.com/hubfs/flux_2023/images/logos/flux_small.svg) © Flux Federation [Privacy](https://www.fluxfederation.com/privacy) | [Terms](https://www.fluxfederation.com/website-terms-of-use) [![linkedin](https://www.fluxfederation.com/hubfs/flux_2023/masks/linkedin.svg)](https://www.linkedin.com/company/fluxfederation/) [![twitter](https://www.fluxfederation.com/hubfs/flux_2023/masks/twitter.svg)](https://www.twitter.com/fluxfederation) [![youtube](https://www.fluxfederation.com/hubfs/flux_2023/masks/youtube.svg)](https://www.youtube.com/@fluxfederation737)