How Benchmarking Helps Set Industry Standards

Published On:
January 19, 2024
Authored By:
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Electric utilities have industry-wide reliability standards to measure the duration and frequency of power outages. But how were these standards established? 

It wasn’t a linear process.

This article discusses how the combination of performance and practice benchmarking by industry players, together with the standardization of benchmarks, can contribute to setting industry-wide standards.