The provision of utilities around the world creates
natural monopolies and as such providers will become subject to
regulation in some shape or form. The regulation may not be as
intense as in the UK, but the challenges of balancing regulation
with financial stakeholders and customers' needs for lower bills
are all consistent.
In facing these challenges utility clients will
need:
- Clear strategic business plans that
demonstrate customer and regulator demands are being
met
- Effective asset management plans that show
optimisation of asset use in the best interest of the
customer
- Comprehensive understanding of operational
expenditure and the critical drivers that must deliver value based
performance
- Frequent tracking and benchmarking of all
costs to show continual improvement in delivering value for
money
- Continual review of internal business
structure and organisation to match the changing demands of the
utilities market.
At EC Harris we have a strong track record in
delivering these needs for clients in the utilities sector. Great
emphasis is placed on bringing best practice from all utility
sectors to develop solutions that optimise value for our clients
and improve their business performance.
RESPONDING TO AMP5: THE OPEX CHALLENGE
INTERVIEW
Janet Wood -
Editor of Utility Week, interviews Terry Povall - Head of Utilities. Click on
the thumbnail below to view the video.
