Utilities hit by recession ‘must rethink business’ says Capgemini
According to Capgemini’s EEMO report, the economic downturn has hit the utilities industries and business has to be restructured accordingly.
16 November 2009
Publication
The fall in energy demand caused by the recession is causing European energy utilities to fundamentally re-examine their business plans. That was the conclusion of Capgemini’s regular European Energy Markets Observatory (EEMO) report.
The report found that as global electricity demand has fallen by 3.5 per cent - the first time it has fallen since World War 2 - while global gas demand has fallen by 3 per cent. Falls are still higher in the European bloc - as much as 8 per cent lower gas demand and 5 per cent reduction in electricity demand. Capgemini said utilities had to respond to this new reality.
To read the full article on Utility Week, click here: Utilities hit by recession ‘must rethink business’ says Capgemini
Related links:
- Press Release: European Energy Markets Observatory (EEMO) Report highlights turning point for Utilities
- Click here to find out more about this year’s European Energy Markets Observatory report
- Blog: Read Alistair Green blog at Utility Week suggesting an alternative to ‘MI5’ strategy for energy security
- Follow CapgeminiUKPR at Twitter.com
