• Power and Utilities Maturity Model and Architecture

    Need a kick-start to your project with minimal risk involved? Our Capital Projects Power and Utilities Maturity Model and Architecture (PUMMA) can help.

  • Negawatts: the answer to the volatile grid

    How can real-time demand response deliver the dynamic energy grids of the future? Explore our piece on negawatts.

  • Building Blocks – June 2016

    In this issue, we examine The economics of the internationalization of major capital projects. This issue also discusses the tax implications of allowances which are often provided to employees.

  • Power & Utilities Capital Confidence Barometer

    New competition and customer demands drive P&U deal making. Read more in our 14th edition of the capital confidence barometer.

  • EY renewables attractiveness index sees shakeup

    The march toward cost-effective renewables sees Europe’s powerhouses slip further behind, as emerging markets surge ahead with clear long-term ambitions and increasingly competitive energy markets.

  • Digital disruption of utilities

    As utilities scramble to reimagine their role, they are having to learn how to capitalize on new opportunities. Learn more.

  • Building Blocks – April 2016

    In this issue, we examine what delivery method can provide organizations the best balance between cost, schedule, and scope. This issue also discusses how an effective audit of turnaround operations can help provide assurance that amounts spent are appropriate and effective.

  • Cybersecurity risks in power and utilities

    In our Global Information Security Survey 2015, we assess the key cybersecurity issues threatening businesses in the power and utilities sector.

  • Utilities Unbundled Issue 22

    This issue of Utilities Unbundled explores new strategies and decisions for utilities as they strive to make the most of people and technology.

Power & Utilities

Helping you master transformation in power and utilities

Power and utilities companies globally face the triple challenge of improving environmental performance, keeping consumers’ costs down and maintaining system reliability.

Our Global Power & Utilities Center can help you meet the coming changes and resulting challenges. We have over 3,500 power and utilities professionals worldwide with the broad experience to help you create strategies for future growth.

Key issues shaping the power and utilities environment today include:

  • Reshaping the generation mix and renewing aging networks

    Faced with ongoing policy pressure to reduce carbon emissions, the sector has an opportunity to reshape the generation mix completely over the next 30 years, through a mix of technologies. But aging infrastructure means major investment decisions must be taken today.

    These will have implications across the value chain as networks respond to different demands from generators and suppliers.

    Companies are considering how best to react to the introduction of low-carbon generation technologies, with a host of ongoing ‘make or buy’ questions.

    Against the over-riding imperative of maintaining security of supply, key challenges include:

    • Deciding on the best generation mix for a particular market
    • Navigating policy regimes from country to country
    • Funding the acquisition or construction of low-carbon generation assets
    • Managing the risks of large-scale construction projects
    • Engaging with customers over the value of a low-carbon future.

    Related content

  • Accessing capital in times of austerity

    Power & utilities remains a hugely capital-intensive sector. The strategic allocation of available capital and access to new sources of finance will become increasingly important over the coming decade.

    Massive investment will be needed to:

    • Replace existing generation capacity, while taking account of environmental factors
    • Renew and upgrade aging network infrastructure
    • Transform today's networks into tomorrow's smart grids.

    Since the global financial crisis, P&Us have come under pressure to strengthen balance sheets. This has led to significant divestment programs in Europe, and a new round of consolidation in North America.

    Looking ahead, P&Us will have to raise and deploy capital on a huge scale, while engaging with a wide range of new finance providers and protecting credit ratings.

    Related content

  • Making sense of the smart transformation

    The introduction of smart technology is an immediate challenge in terms of funding and making the right technology choices for the utility of the future.

    The focus of smart today varies.

    In Europe and the US, improving consumers' responsiveness to price signals and enabling the connection of distributed renewable power to the network is key. Elsewhere, improving network resilience and allowing large-scale power transmission is often more important.

    Either way, matching supply and demand will become increasingly complex.

    Longer term, smart technology is likely to cause major disruptions to existing business models and P&Us cannot afford to view it as simply an infrastructure upgrade.

    • All significant business processes will be affected by smart technology. Major change programs may be needed to realize potential benefits and keep stakeholders engaged.
    • P&Us need to get ready for the reality of 'big data'. Smart roll-outs will result in huge increases in data, and winners will be on top of this, able to handle the increased risks that the data flood brings and use the data to extract added value.
    • Individual state regulations supporting customer rights, such as meter opt-out clauses, will affect how P&Us do business.

    Smart grids will enable two-way energy flows, encouraging customers to play a new role in determining their energy consumption and putting new strain on existing network assets and mechanisms.

    Related content

  • Market reform and unbundling

    Energy reform and unbundling

    Energy reform and unbundling (ERU) may be the most fundamental change facing our clients in the P&U sector.

    Reforms create the opportunity to build an entirely new electricity market, resulting not only in a more efficient supply of energy, but an environment of increased investment, economic prosperity and social improvements.

    Energy reform is complex. Success will depend on navigating many regulatory, strategic and operational challenges.

    EY has the experience and capabilities to help governments, utilities and new market entrants manage these challenges, avoid the typical pitfalls of ERU and realize the full potential of a liberalized electricity.

  • Women in power

    Power and utilities is a sector facing disruptive change. Diversity of thought is key to navigating this change, and turning challenge into opportunity.

    Diversity comes in many forms: gender, ethnicity, age and sexual orientation to name a few. We have chosen to focus on gender diversity in leadership as a starting point for utilities. More women in leadership has proven links to improved business performance through increased profitability, return on equity and innovation. These benefits are needed now more than ever.

    EY began the Women in P&U Index in 2014. The Index analyzes and tracks the number of women in the boardroom and senior management teams in the top 200 utilities globally by revenue. In 2016, 16% of board members of the top 200 utilities globally were women. With a 1% increase over the past three years, this number is not rising quickly enough to reach gender parity in this generation, or the next.

    We believe that accelerating women’s advancement is an economic imperative that creates higher growth, increased prosperity and stronger communities. There are steps that all executives – male and female – can take now to make gender parity a reality, and reap the business benefits.

    Related content

Contact us

EY - Gerard McInnis    Gerard McInnis
National Leader
Power & Utilities
403 206 5058
EY - Patrick Bossé    Patrick Bossé
Power & Utilities
514 874 4375
EY - Steve Power    Steve Power
Power & Utilities
416 943 3367
EY - Derek Purchase    Derek Purchase
St. John’s
Power & Utilities
709 570 8234

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EY - Boxes on Assembly Line

Building Blocks - April 2016

In this issue, we examine what delivery method can provide organizations the best balance between cost, schedule, and scope. This issue also discusses how an effective audit of turnaround operations can help provide assurance that amounts spent are appropriate and effective.


EY - Smart metering: transforming the energy future

Smart metering: transforming the energy future

Managing the smart transformation presents complex challenges. What lessons can we draw from our global experience? Also read our other articles on smart grid and metering issues.