Like every industry, the energy business is changing. I am excited to be able to say that Trico is constantly ‘working on the business’ so that we can not only deliver a great value today, but even greater value tomorrow.
Your Board and management met for a couple days late in 2021 to discuss trends affecting our members and industry. This included an examination of our strengths, weaknesses, opportunities, and threats. It was an exhausting, and at the same time exhilarating couple of days because the outcome was a set of strategic priorities which will guide us the next few years.
These priorities are:
Member Loyalty We will be developing products, options, services and events that meet the individual and collective needs of the membership.
Advanced Grid We will be pursuing advanced grid technology to increase reliability and to meet member’s needs.
Power Supply We will be securing reliable and cost-effective power supply.
Competitive Mindset We will be enhancing the value Trico provides in the marketplace.
Strategic Partners We will be developing and enhancing relationships with strategic partners.
Workforce We know that we need to attract, develop, and retain a high-achieving and diverse workforce.
We are in the midst of an energy transition where instead of forecasting demand and building an operating centralized power plants to match these load requirements, we are gradually shifting to forecasting available generation (dependent on the weather) and helping the cooperative and our members manage their load by offering load management products/services and time varying price signals. And, generation technologies are becoming more distributed, sometimes even behind our meters in member’s homes and businesses.
As we go forward, we will be reporting on many projects that will work on helping us accomplish one of the above-mentioned priorities. It’s all in an effort to increase the satisfaction levels you have with your cooperative. Good things are continuing to happen at Trico Electric Cooperative.
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