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Preliminary Event Guide

LEARN - SPECIAL EVENTS INDUSTRY INSIGHT & UTILITY LEADERS ROUND TABLE Over $1 trillion dollars has been wiped off European utility share prices since 2010. Three factors suggest this race to the bottom will continue to push share prices down. There is only one evident solution to replace this lost value and pull share value back up. Push Factor 1 - The recent spate of stated governmental policies across Europe promise that the headwind utilities are flying into will at best continue and at worse morph into a hurricane. Push Factor 2 - Hedging strategies by utilities to replace lost revenue and bolster share dividends by moving into upstream activities and assets have achieved the opposite of their intention. The collapse of global upstream commodity prices instead added new liabilities to the balance, increased the overall risk of utility portfolios and added further material losses to declining revenue streams. Push Factor 3 - new technologies which impact across the traditional utility value chain are maturing rapidly and moving in their product development lifecycle from demonstration to full deployment readiness. The sheer volume of new technologies, their applications right across the full value chain and that they converging at the same stage in development further exacerbate the challenges. For executives leading global utilities the challenges posed by the energy cloud is almost a perfect storm. Executives have limited capital to deploy due to losses incurred; the risk profile has increased carrying with it the cost of capital. The addressable market has changed and customers are more mobile and their expectations are changing. New technology-led market entrants are using new technologies to attack the traditional value chain. So why are utilities not just going to fail and disappear? Only 150 places are available for conference delegates to watch the discussions at the Utility Leaders Roundtable unfold at the MiCo Milano on the afternoon of Wednesday 22 June. PennWell has secured the participation of C-level representatives from leading Italian power utilities and municipalities to take part in the roundtable, in order to generate discussion around key issues affecting all power producers and suppliers, as the industry progresses towards its goal of decarbonization and new disruptive trends and technologies require a rethinking of the traditional business model. Participation from utility leaders outside of Italy will add a wider European flavour to the discussion. The panel of utility leaders will participate in a moderated debate that will enable them to argue for changes in the policies and regulations to enable the smoother running of the system in line with the need for clean, affordable and reliable energy. The roundtable will be able to give voice to industry experts’ views, often not reported or misunderstood. It will enable some debate about the possible future direction of the industry, the role for traditional utilities, the prospects for new entrants, the trends towards consumer power and distributed generation. The participants may want to speculate on potential new services that they can offer, how to adapt to lower margins and stranded assets and what the utility of the future, the “Newtility” will look like. UTILITY LEADERS ROUND TABLE 14 www.powergeneurope.com Pull Factor - There is one silver lining for utility executives. Understanding the fundamental shift that this new Energy Cloud presents and finding ways to focus and exploit the specific opportunities it contains are vital for utility share value survival. Distributed energy resources, their development and management, are already becoming the core business for today’s leading utilities. Reshaping business models to harness these new capabilities will be necessary. Utilities have some but not all of the core competencies and skills to achieve this step change in operations. Utilities also have credibility with the Industrial and Commercial consumers of these services and the institutional investors to assure them of their ability to deliver in this market but their ability to communicate and demonstrate this message is key. Time is short, the distributed energy market opportunity is only available for a limited period and the new competitive market entrants are agile. Who survives this perfect storm is not a given and past performance is not a good predictor of future success. In a perfect storm, it’s all hands on deck. Find out more about the Energy Cloud from Navigant who present at the POWER-GEN Europe and Renewable Energy World Europe conference on Wednesday 22 June. Navigant Research is the ‘Knowledge Partner’ for POWER-GEN Europe and Renewable Energy World Europe WEDNESDAY 22 JUNE 14:00 - 15:30 ROOM: BROWN 01 DELEGATES ONLY


Preliminary Event Guide
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