Global power, utilities survey on disruptive forces


PwC released its Annual Global Power & Utilities Survey focused on the disruptive forces — distributed power generation, technology changes and a new breed of customers — that are putting the traditional power utilities’ business model under threat.

According to PwC’s survey, most power utilities envision a future where demand growth will be met by a mixture of centralized and distributed generation. As global demand for electricity continues to grow, well-positioned companies will need to adapt their business models to respond to a power environment that could be transformed by these changes.

Distributed generation in particular could set the scene for widespread industry transformation. Some key findings among North American respondents:

·         90 percent believe it’s likely or highly likely that increasing levels of distributed generation will force utilities to significantly change their business models.

·         70 percent see distributed generation as an opportunity, as opposed to 30 percent viewing it as a threat.

·         The top two barriers for companies that are investing in new large-scale generation are obtaining finance and the inability to recover the cost of new generation via regulated energy tariffs.

Click here for report


Previous articleReneSola solar panels installed at solar array in Roswell, New Mexico
Next articleAxion Power sells PowerCube energy storage system

No posts to display