Week in smart metering - Are utilities over-regulated?

Utility CEOs have indicated increased urgency to addressing sector concerns, writes Claire Volkwyn, editor, Metering & Smart Energy International.
Published: Wed 24 Aug 2016

It’s budget time at Metering & Smart Energy International and as part of our annual process, we do a deeper than normal dive into what is happening in the sector, devouring as many reports and insights as we can before moving on to more personal engagements with our readers and advertisers. 

This year is no different and, as such I have been reading the PWC Annual CEO Survey for 2016 among other things.

Interestingly enough, the concerns are the same as they have been for the last 2 - 3 years, although the urgency with which they need to be addressed has increased significantly. This is particularly true for the need to address technological change and consumer usage patterns and behaviour.

At the core of their challenges, is the changing nature of the utility sector, and of those interviewed, 93% believe they need to focus on long-term profitability, rather than short-term gains.

The most significant concern raised, however, is over-regulation, with "86% say it could threaten growth – as well as government responses to debt and deficits (71%) and an increasing tax burden (67%).”

Do these findings resonate with your utility experience? We’d love to hear your thoughts.

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