Struggling utilities
Electric utilities: European utilities are struggling to adapt to a shifting market and investment landscape. As a result, policy-makers struggle to find new solutions in securing sufficient capacity reserves to integrate intermittent renewable power and avoid power outages. A pan-European electricity market could be an answer to this problem, but national governments seem more interested in protecting their home markets from competition.
Eon, one of the world’s major investor-owned energy utilities headquartered in Düsseldorf, Germany, made headlines in November when publishing its new corporate strategy. According to this, the company will now focus on renewables, distribution networks, and customer solutions, spinning off its conventional generation, global energy trading, and exploration and production businesses into a new, publicly …
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