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power plants

Utilities and Energy Services Firms: Friends or Foes?

power plantsEnergy services firms are eating utilities’ lunch in Europe, according to Reuters.

Global consulting firm Bain & Company estimates that in Germany, the four biggest electric utilities will lose about $3.3 billion by 2020 – about a third of their annual operating profits from generation – due to shifts in consumer spending. The spending isn’t going away, it’s just going toward independent energy generation sources and energy efficiency.

Read more at Energy Manager Today.

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