Keeping on top of regulatory requirements

Context

New EU and German regulations require grid operators and electricity retailers in Germany to fulfil new balancing and scheduling obligations by April 2011. This development involves complex business process, data exchange, IT and people changes. Eight hundred distribution grid operators and about 400 sales units have to adopt the new rules.

Comment

“The timeframe is ambitious. Getting it wrong carries considerable financial risk. PwC helped the German group of a major international power provider to implement the new processes. It entailed many new functions in the company-wide IT systems. The project covered six regional sales units, one wholesale sales unit and a countrywide sales unit. We were able to provide project management skills, quality assurance for concepts and processes and assistance in change management. The completion is on track in good time for testing well ahead of the regulatory deadline” (PwC).