For Power and Utility organizations in Canada, the immense geography and adverse weather conditions already make it challenging to safely deliver reliable, cost effective and sustainable electricity, gas and water.
However, what we are also seeing now is massive transformation across the sector at a pace and to an extent that is unprecedented. Environmental, political, social and technological forces are all at play – pushing executives to examine their business model and implement change programs like never before. According to PwC’s recent Global Power & Utilities survey, 76% of sector CEOs believe that the utilities business model will radically alter over the next five years.
A look at five of the “mega trends” that are front of mind for CEOs this year.