Disruption and transformation
Many in the industry expect the existing power utility business model in their market to transform or even be unrecognisable in the period between
now and 2030. 94% predict complete transformation or important changes to the power utility business model. But there are big regional differences and the industry is split on the extent of change and transformation ahead.
The prospect of transformation of the industry business model arises from a number of potentially disruptive changes. Decentralised generation is already eating into revenues and partly marginalising conventional generation. Ultimately it could shrink the role of unwary power utility companies to operators of back-up infrastructure. Across the main markets of Asia, Europe and North America, only a minority of our survey participants expect centralised generation and transmission to play the lead role in meeting future demand growth.