The energy industry is on the cusp of a revolution. Solar power prices continue to fall, monolithic power stations look financially foolhardy, and electric vehicles and better battery storage are no longer just a dream. Last year’s Paris Climate Agreement also injected fresh urgency into efforts to tackle climate change. And consumers are sick of paying over the odds to heat and power their homes.
Energy suppliers are well aware of the impending disruption to their industry. According to the PriceWaterhouseCoopers (PwC) Global Power & Utilities Survey 2015, 97% expect to see a medium to very high level of market disruption by 2020, 73% anticipate major or very major business model transformation by 2030, and 60% say their main home market will be more than ‘50% transformed’ by 2030.
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