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Friday, September 25, 2015

Value-Added Services Create New Opportunities for Utilities

A range of players can potentially gain revenues from deployment of value-added monitoring services. Electric utilities are at the top of this list and need seize the opportunities presented by value-added monitoring services.

Utility service providers can generate additional revenue in a number of ways through deployment of value-added monitoring services. For starters, consumers express a willingness to subscribe directly to such services. Consumers also express a greater willingness to adopt HVAC servicing, home warranties, and appliance warranties if they are bundled with value-added monitoring services. This opens the door to a range of opportunities by offering these products directly or in partnership other players. This appeal will attract subscribers and sell additional services, and create additional reoccurring revenue.

Next: Residential Security Market Continues to Expand
Previous: Transforming Business Models for Utilities


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