Tag: Utilities
Doing more with less: Increased energy efficiency could lower energy demand in Canada
Canada’s energy demand to grow at average annual rate of 0.7% According to the International Energy Agency, approximately two-thirds of economically feasible global energy efficiency measures have not been implemented. If Canada were to pursue energy efficiency improvements more aggressively, it could reduce its energy consumption by up to 15 per cent by 2035, according to […]
Demand for cleaner fuels drives cost-saving for natural gas utilities – Technavio
New technology will be biggest driver of growth According to the latest procurement intelligence report from Technavio, the global natural gas utilities market is expected to grow at a compound annual growth rate (CAGR) of 1.2 per cent over the next five years due to the growing preference for cleaner fuel alternatives. “Innovations in drilling techniques, […]
Volatility, disruption driving transformation in energy sector – KPMG Survey
51% of oil/gas executives say restructuring/bankruptcy opportunities will be primary driver of acquisition activity The vast majority of energy executives (94%) say continued volatility in commodity pricing coupled with the regulatory environment will require significant changes to their business models over the next three to five years, according to the results of the 2016 Energy Industry […]
Emera to acquire TECO Energy, create Top 20 utility
Emera deal valued at $10.4B, including debt On Friday, Emera Inc., in a move to create what the company calls a “North American energy leader”, announced the acquisition of Florida-based TECO Energy. Emera is a Nova Scotia-based publicly traded energy and services company with electricity generation, transmission and distribution, and gas transmission and utility energy services. […]
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