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Utilities - Ernst & Young - Czech Republic

Foresight and organisational flexibility for the utilities industry

Helping clients involved in power generation, electricity and gas transmission, distribution and sales, water, waste, and infrastructure investment prepare for the road ahead.

For the Utilities industry, this is a time of opportunity and uncertainty. While growth in demand among most industrialised countries is expected to be small in the long term, world demand is increasing at an unprecedented rate, and geopolitical events are giving rise to new challenges. Business leaders are under intense pressure to make decisions that are right for a variety of stakeholders, while also addressing national energy policies and the environment.

These decisions require a high degree of foresight and organisational flexibility to anticipate trends, adapt business models, minimise risks, and maximise opportunities. The Ernst & Young Global Utilities Centre, a hub for sharing knowledge and perspectives, connects our worldwide network of professionals so they can help clients to manage uncertainties by building organisational agility and formulating an approach to quickly react to rapidly changing markets.

Our services for the utilities sector include:

  • auditing statutory financial statements
  • preparation and audit of IAS/IFRS financial statements, IFRS advisory services
  • transaction support through advisory work, due diligence reviews and disposals
  • auditing business plans for regulatory licensing purposes
  • audits and system audits of industry line financial statements and reports
  • financial modeling
  • auditing financial models
  • internal audit function development, review and audit
  • process and controls improvement, Sarbanes-Oxley implementation
  • unbundling related advisory services
  • utility specific tax advisory services
  • company-specific monitoring of EU subsidies, EU project tendering
Renewable energy country attractiveness indices: November 2011

Demographic changes and emerging markets growth are now driving investment as the renewable energy industry adapts to a changed world. Find out more in our latest Renewables Indices, including industry comment and country focus.

Renewable energy country attractiveness indices: August 2011

Recent turbulence in the financial markets has been an unwelcome reminder of the enduring vulnerability of today’s global economy, and the renewable energy sector hasn't proved immune to the stalling economic landscape.

Turn risks and opportunities into results

New technologies and a changing customer relationship are driving a fundamental transformation of the power and utilities business model. Market volatility, pricing pressure, variations in market performance and demanding stakeholders all have contributed to this evolution. We explore the top 10 risks and opportunities facing the sector today.

Diversification key to global renewables growth as China soars ahead of competitors

Countries are increasingly broadening their renewable energy portfolios amid challenging market conditions, according to our latest global Renewable Energy Country Attractiveness Indices. China leads this trend and retains its top indices ranking.

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