Managing Director & Senior Partner
Since joining Boston Consulting Group in 2000, Phil Hirschhorn has worked in the Sydney, London, and Frankfurt offices. Phil leads BCG's Energy practice in Australia and New Zealand, focusing on power and utilities, and is the global lead for BCG’s Energy Networks.
Phil is a BCG Henderson Institute Fellow, researching the future of energy markets in a world of high penetration renewable energy. He is investigating how companies and households can unlock hidden flexibility in their energy usage and how energy markets need to evolve to make that possible.
Phil works for leading companies and government agencies along the energy value chain in Australia. His clients have come from industries including natural gas production; generation; pipelines and electricity networks; power, gas, and fuel retail; and federal and state government. His projects cover large-scale transformation and both corporate and business unit strategy.
Over the last decade, Phil has dedicated his time to helping large generators, power and gas retailers, and energy networks navigate—strategically and operationally—the transition stemming from the advent of energy efficiency and distributed generation, policy and regulatory interventions, and changes to local and regional gas markets.
During his studies, Phil trained as a petroleum engineer with Woodside Energy and Santos, and as a wireline engineer with Schlumberger.
As electricity markets become more volatile, the value of using energy flexibly is increasing. Companies can take four practical actions to create advantage.
Electricity providers can help achieve 70% of the emissions reductions required under the country's 2050 net-zero target.
By causing gas plants to close, renewable energy could disrupt the pricing of electricity, impairing investment signals. What comes next will depend on which of three technologies emerges to support the rise of renewables.
Human expertise has proved critical to realizing the full potential of a digital transformation at scale.
Bionic energy networks unlock the value that digital initiatives have to offer by taking four important steps.
As governments decarbonize their economies through renewable energy generation, volatility in electricity prices will surge. Players can use multiple levers to mitigate it—but they must act carefully to avoid damaging industrial competitiveness and increasing costs.
As the share of variable renewable energy climbs, tackling four challenges will become an urgent task for system operators and designers.
Growing demand for hydrogen will impact transportation and distribution networks differently. Players must plan ahead if they are to successfully navigate the coming disruption.
Variable renewable energy generation will transform electricity systems and increase price volatility. To navigate these changes, companies need to be more flexible in the way they consume electricity.
Energy networks can accelerate the adoption of digital developments by pursuing the “bionic company,” where employees are reinforced--instead of replaced--by technology.
Energy Network companies are experts in managing crises and are normally shielded from cash-flow impacts. Nevertheless, they too will have to make certain adaptations going forward.