The Utility Industry comprises of:
The Utility Industry is closely related to the upstream Oil and Gas Industry, where primary sources of energy are made available to the utilities.A sustainable utilities business is one that has ongoing profitability accompanied by low vulnerability to unforeseen changes in a highly uncertain future business environment. The challenge, therefore, is to develop a sustainable business that identifies the risks it is exposed to by an uncertain future and assesses its vulnerability to those risks. At the same time the business must position itself to minimize that vulnerability and maximize its opportunities whilst maintaining a growing and profitable business.
Utilities businesses are currently in a significant revolutionary phase where they are being hit by three simultaneous issues:
The Ernst & Young Power and Utilities Team consist of highly dedicated and experienced people. We offer management advice based on industry knowledge and broad range of Ernst & Young Services.
How do you manage through the recession and position your company for growth? Our power and utilities professionals and other sector leaders conducted over 1500 client meetings and identified some overarching themes. Proactive capital allocation, steps to accelerate decision-making and an increased focus on risk management could mean the difference between surviving and thriving.
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