Global Management consultants, PWC say that power markets are facing a period of major change. Global megatrends, including technological breakthroughs, climate change, demographics, rapid urbanization and shifts of economic powers from West to East are having fundamental impacts on power market design. The emergence of new market roles, new ways of producing and delivering energy and new competitive dynamics present significant challenges for companies and policy-makers alike.
These changes necessitate that power markets enter new markets with new technologies, fundamentally changing their business models. In order to accomplish this, power companies will need to focus on hiring, training, compensating and tracking performance for new groups of employees in new environments. In addition, as they enter new markets, employee related compliance and risk issues increase.
Boston Edison Company (NStar)
Commonwealth Edison of Chicago
United Illuminating Company