“Global energy consumption is expected to rise by 41 percent from 2012 to 2035 as compared to 55 percent over the last 23 years (52 percent over the last twenty) and 30 percent over the last ten.” – BP Energy Outlook 3035
“The centre of gravity of global energy demand moves decisively towards emerging economies – they account for more than 90% of net energy demand growth to 2035.” – International Energy Agency – World Energy Outlook report 2013
“ 94% predict complete transformation or important changes to the power utility business model. 67% expect technology and new supply sources to dramatically reduce dependence on oil and gas-rich countries.” – PWC Report 2013- Energy transformation -The impact on the power sector business model
Energy is a key driver for the growth of any country and especially in emerging countries where energy availability is a key problem. There is a need for a secure, affordable energy supply in order to be competitive in the global market.
However, the energy sector is not the same as it was before. The energy sector has experienced tremendous worldwide change over the past decade, and the landscape will continue to alter as new trends in economics, geopolitics, industry behavior, technology, and emissions regulations emerge. The emergence of new technologies like smart grids, micro energy generation units and new business models will redefine the sector. The decreasing costs of solar panels, low cost of installation of windmills complemented by subsidies from the various governments internationally are driving the growth of Alternate Energy like never before. In the future every household will be able to generate their own energy that they can use for themselves and also sell them. Decentralized generation will eat up the revenues of the power utility companies.
These kinds of radical shifts in the industry pose both a significant threat and an opportunity for players in the industry.
We provide services in the field of Strategy development using Balanced Scorecard, Innovation Management and Business Improvement Process that will empower the companies to adapt to the fast changing energy sector. We also provide service in the field HR Excellence, Total Quality Management etc… that will help companies conquer the operational issues and improve their current operations.