Environment tops utilities execs' concerns, reveals survey results
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Researcher Platts and consulting firm Capgemini have published the results of a survey on the biggest concerns of 100 executives from the utilities industry.
Environment and greenhouse gas regulations top the worry list of executives. Global warming, climate change, and carbon emissions were the top environmental issues for 77 percent of the participants. Ninety-five percent of respondents said the industry's awareness of and response to environment has improved since 2006.
Energy utility executives are already preparing, even though there are no federal regulations to restrict greenhouse gas emissions.
There is a much higher awareness of global warming and carbon emissions in the general public, which utilities feel necessary to respond to, said John Christiens, vice president of Capgemini's energy and utilities practice.
They are looking seriously at energy efficiency technologies including cleaner-burning techniques and storing carbon emissions underground, while exploring the expanded use of nuclear power and renewable sources of electricity, such as solar and wind. They are preparing to adopt advanced metering technology and smart grid infrastructure as this will enable them to curtail electricity use during peak times of the day.
On the issue of deregulation, the respondents did not arrive at a consensus, with utilities predicting that there could be more or less.
Dealing with an aging workforce was also one of the top five concerns of utilities.
"There's a lot of people talking about a carbon tax, or talking about a carbon cap and trade system, so many executives think the carbon trading will be a reality very soon," said Christiens. He also added that there will have to be investments made in carbon technologies as well.
The aging workforce was also one of the top five concerns of utilities.