Utilities(electricity, gas and water)
Australia’s utilities industry has experienced considerable change and market reform over recent years with market de-regulation, increased compliance, mergers and acquisitions and, more recently, infrastructure challenges following natural disasters.
This change is echoed around the world with the industry responding to:
- introduction of alternative energy technologies
- emergence of new competitors
- cost fluctuations in primary commodities
- increased consumer concerns about the environment and security of supply
Companies have responded with a variety of growth and defensive strategies:
- integrating vertically
- separating production from refining
- distribution and downstream marketing activities
- investments in alternative and renewable energy production
- expansion into new locations, including overseas
- acquisitions in new markets
- improved customer segmentation
Results of these efforts have varied. Companies that have been successful in increasing revenue and profits have strategically refocused on developing core businesses to their full potential and considered expansion into compatible activities.
Rapidly evolving business expectations are forcing utilities to uncover strategic opportunities for efficiency, diversity, integration and scale. Success in this market depends on how well you can develop and harness technology to meet business needs for a rapidly changing future environment. This is not an easy objective, particularly in an ever increasingly regulated world.
Oakton’s utility consulting experience
For more than two decades Oakton has guided, co-created and implemented strategic solutions aimed at exploiting specific opportunities within this dynamic market segment. Our experience across the utilities sector is extensive, our insights comprehensive and valued.
We’ve helped power, gas and water clients improve performance by increasing the efficiencies and effectiveness of their supply chains, maximise returns from their IT platforms, integrate operations for new and evolving technologies and rationalise business processes for improved efficiencies.
In the last 12 months we’ve created tangible value for Sydney Water Corporation and SP Ausnet.