UtilitieWorld Energy Leaders Braced for Revolutionary Change : Open Topic Discussion

UtilitieWorld Energy Leaders Braced for Revolutionary Change

by coyote » Sat 15 Apr 2006, 02:13:43

As per the news story posted by Leanan: World Energy Leaders Braced for Revolutionary Change Within The Industry
$this->bbcode_second_pass_quote('', 'T')he utilities industry is facing its biggest challenge in modern times according to the eighth annual PricewaterhouseCoopers report 'The Big Leap: Utilities Global Survey 2006'. According to the report, two-thirds of the world's leading utility company leaders hold this view with the majority rating the changes that the industry will have to undergo as little short of revolutionary.

$this->bbcode_second_pass_quote('', 'T')he industry is ready to make a big leap forward with nearly two thirds believing the industry needs to adopt a 10 year focus on reducing environmental damage, developing new technologies... and finding new fuel sources.

$this->bbcode_second_pass_quote('', 'T')he report which presents the views of 116 senior executives from leading utilities companies in 43 countries reveals security of supply remains their primary concern as it has over the last two years, particularly in Europe where twice as many utility leaders believe prospects for power cuts have increased rather than diminished compared to five years ago. Many within the industry believe the pace of change needs to be stepped up to face the challenges that lie ahead. 42%, for example, said the sector is lagging behind in the development of renewable energy sources. (Emphasis mine.)

Wow.

"Little short of revolutionary," "finding new fuel sources," "prospects for power cuts have increased" -- I think this is huge. Apparently this is the second year that energy VIPs were polled with similar results, but this is the first I've heard of it. Not that anything they're saying is news to anyone who frequents this site; but to read it from 'world energy leaders' is telling. I think it's quite an admission on their part, and a clear indication that 'business as usual' is no longer even remotely an option.

Of course, as usual, the article ends with a call for investment in new technology. Not really surprising that energy execs know more about fuel sources than politicians or the populace; but kind of bizarre that they now seem to care more about environmental issues than our 'leaders' do...

UtilitieWorld Energy Leaders Braced for Revolutionary Change

UtilitieWorld Energy Leaders Braced for Revolutionary Change

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