It’s no secret that European utilities have had a rough time of it over the past five years or so. Plummeting wholesale electricity prices and write-downs exceeding €100 billion ($112 billion) have prompted plenty of soul-searching among the continent’s biggest players.
In fact, it may have turned them into revolutionaries. “We wanted to do something different,” Wilfrid Petrie, chief executive of Engie’s UK and Ireland operations, told delegates at the FT Energy Transition Strategies conference in London on Wednesday
“Isn’t this what real revolution is all about?...
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up