Transcription of 29 November 2016 - EY
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29 November 2016 - EY
10th European IFRS Power and Utilities roundtable Brussels29 November 2016 Figure 1: Disruption is forcing power and utilities to re-evaluate existing business modelsUtility disruption driversInfrastructureinvestmentIncreased distributed generation attractivenessReduced demand growthHigher energyefficiencyChangingenergy mixand distributed generationEmpoweredcustomersDigitization Market andpolicy reformsRegulatoryframeworksNewcompetitor sTalent anddiversitySector intransformationTraditional utility outlookIncreasing distributed generation grid parityChanging energy sourcesDecreasing customer trustChanging behaviors and regulatory pressureIncreasing cost to serve remaining customersDecreasing commodity revenueIncreasing unit price of electricitySource: EYIn brief: International Financial Reporting Standards (IFRS) for power and utility companiesHow power and utility companies can navigate a rapidly evolving business and accounting environmentAt EY, we view power and utilities as a sector undergoing fundamental transformation.
10th European IFRS Power and Utilities roundtable — Brussels 29 November 2016
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