The future of the utilities industry and the players that are driving market success.
of the world’s largest utilities analyzed.
combined market capitalization.
to prepare for upheaval, according to 45% of industry executives.
utilities now active in "behind the meter" market.
Decarbonization, decentralization, and digitization are compelling utilities to evolve faster than ever before. So, how are they responding to this new, three-dimensional challenge?
We analyzed the strategic actions of the world’s largest utilities by market capitalization. Our report highlights the different ways these heavyweights are navigating the road ahead and forging a new industry. We zero in on the strategies and capabilities that big utilities will need to succeed in an uncertain future. One finding is clear: Most utilities need to speed up the pace at which they develop and execute strategy.
Utilities are working hard to create winning strategies amid the most significant transformation in the sector for decades. The majority of their strategic effort is focused on five key areas:
Some utilities are embracing even more radical change. These leaders have begun to reinvent themselves, aggressively pursuing business model innovation and entering new markets for energy solutions and services. They are targeting new value pools in areas as diverse as energy management, electric car charging, and home automation.
Not only are utilities dealing with a world where markets, customers, and strategies have transformed, the GT40 must come to grip with another challenge: The externalities that influence their operations are becoming sharper.
Over the next few years, we expect to see a gap emerge between the most enterprising utilities companies and the rest. Leading players are learning from the way nontraditional competitors approach contested or new markets. They are thinking about shorter time horizons, innovative business models, and managing across multiple value chain segments. In other words, they are thinking like a “non-utility.”
These four steps provide a blueprint for utilities to act on now and set themselves up for future success.
In this podcast we will be discussing the energy transition together with Pedro Azagra, Corporate Development Director of the Iberdrola Group. Interested? Tune in now!
Tom Flaherty, Senior VP Strategy&, PwC US is outlining how North American utilities are performing compared to the rest of the world. What challenges do they have to catch up on?
Mark Coughlin, Energy, Utilities & Mining leader in PwC Australia, discusses how the Asia-Pacific utilities are faring among their GT40 counterparts, and the challenges ahead.
Dr. Paul Nillesen, Partner Strategy&, PwC The Netherlands, elucidates how European utilities are performing compared to the rest of the world.
Strategy& recently analysed the strategic actions of 40 of the world’s largest utilities companies by market capitalization, exploring the different ways they are navigating the road ahead and forging a new industry. Watch this video to receive a high level summary of the key findings.
Prof. Dr. Norbert Schwieters, Global Energy, Utilities and Resources Leader, PwC Germany - answers two questions on how top utilities are acting globally to prepare for the future.
Jeroen van Hoof, Global Power & Utilities Leader, PwC Netherlands - explains why global Utilities have to act now in changing their thinking about strategy.
Prof. Dr. Norbert Schwieters
Energiewirtschaft, PwC Germany
Tel: +49 211 981-2153
Power and Utilities Industry Senior Advisor, Strategy& US
Energy Utilities & Mining Leader, PwC Australia
Tel: +61 3 8603 0009