How should companies respond?
How companies respond to these changes will determine whether they will be part of the future or join the ranks of companies from other industries whose business models have been eclipsed by technological and market change. Strategies are needed that identify the best revenue opportunities in a changed and, potentially, transformed future market landscape.Efficiency savings and performance improvements can buy power utility companies considerable defensive headroom in responding to the changing industry environment. Nearly a third (31%) of all survey participants worldwide say there is scope for power and utility companies to achieve cost base and efficiency improvements of more than 20%. Nearly three-quarters (73%) see big scope for improvement in asset performance management.