The European and US utility industry is on the brink of unprecedented change, and companies are toiling to retain shareholder value. A recent Accenture survey suggests that the key to success is focus.
Automated Power Exchange� Inc. announced that Andrew Claxton has been appointed UK Managing Director to spearhead APX's preparations for the launch of NETA on 27 March 2001.
UK energy group PowerGen plc has completed its $3.2bn acquisition of LG&E Energy Corp. of the USA, and said it was confident of hitting its year-end target of reducing debt. PowerGen and LG&E formally began joint operations in December after receiving all the necessary approvals.
The competitive pressures of deregulation have bred a new generation of utility— one that offers much more than energy. PEi looks at the US market where companies are going to new lengths to capture customers.
State-owned French power giant Electricite de France (EdF) today swooped on one of Britain's biggest power stations to boost its share of Britain's generation capacity to 7.6 percent.
Brazil: Alstom, leading the CEITAIPU consortium, has won an international bid for design, production, erection and commissioning of the last two 700 MW generating units at Itaipu.
Players in the energy industry around the world are facing pressures from all sides in the competitive environment. But how can they deal with this and get ahead of their competitors? The answer is simple, says PricewaterhouseCoopers: innovate.
The opening up of the UK retail gas and electricity market has seen utilities linking up with the likes of supermarkets and insurance companies to offer customers new services and savings across multiple retail sectors.
Here's a fact that should be irritating electric power investors and executives alike. The one industry that is absolutely essential to the so-called 'new economy' is electric power - just try accessing cyberspace when the power goes off. And yet, the more connected our economies become, the worse the stock market performance of electric power companies seems to be.
As deregulation in the power and natural gas markets takes hold, convergence of these two industries is becoming a reality. A perceived advantage for players embracing this trend is reduced risk, but what does it mean for competition and the consumer?