Empowering ideas. A look at ten of the top emerging issues in the power and utilities sector
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According to a new report published by Deloitte, organizations are faced with constantly shifting environmental, regulatory and consumer demands and many traditional utilities companies are having trouble finding, and getting regulatory approval, for investments that provide a rate of return commensurate with all the risks facing the industry. Similarly, when organizations do have access to capital there is always the challenge of choosing where to invest.
The report also finds that funding for the replacement of aging infrastructure is only one aspect of the financial challenge. In the near term, the International Energy Agency says that power and utilities organizations will need to double their base load generation (from both traditional and renewable sources) to address the growing energy demands of our global economy over the next 30 years. They will also need to invest in new carbon-reducing technologies for carbon capture and storage, smart metering and demand side management, in the absence of universal benchmarks or global standards. In addition, the electric power industry will need to work with provincial, state and national regulatory authorities to reconfigure, enhance and expand existing transmission and distribution systems to successfully integrate new sources of energy.
To report is available for download from the Deloitte website.
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