News Digest Item
20 Jan 2017

“Utilities won’t survive as lone warriors”

PwC

Germany’s electricity industry is at the cusp of a tide of transactions and new models of cooperation, a study by consulting agency PwC has found. Due to “dwindling profits and rising cost pressure”, market conditions for both larger private and smaller municipal utilities are “more difficult than ever before”, the authors say. Utilities reacted to these changes by conducting “a variety of specific acquisitions”, with digital service providers being the main target, according to PwC. The strategic turn is the result of a changing business model, in which utilities no longer primarily perceive themselves as power producers, but rather as service providers, the authors write.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee