Report: More Utilities Looking To Wind, Nuclear Power

NAW Staff, Friday 15 June 2007 - 01:00:00

PricewaterhouseCoopers has released "Energy and Efficiency: Utilities Global Survey 2007," an annual survey that includes input from 114 power companies in 44 countries and reveals a shift in the extent to which energy efficiency, renewables and nuclear power are at the top of company agendas.

According to the report, utilities worldwide expect wind and nuclear power to provide an increasing share of their markets' energy consumption in the next five years. Last year, only 17% of respondents looked to wind power to fulfill their energy needs and 19% looked to nuclear power. This year's report found that wind was mentioned by 48% of respondents and nuclear was mentioned by 45% of respondents.

The report warns that without effective and consistent worldwide regulatory and market frameworks, actual progress may be limited in bringing these resources to the global power mix.

"An effective signaling of carbon prices will need to exist across all regions, crucially covering high-emitting and high-growth countries, such as the U.S., India and China," says Manfred Wiegand, global utilities leader for PricewaterhouseCoopers.

The report includes a series of regional reports covering the Americas, Europe, Asia Pacific, the Middle East and Africa; individual country and regional surveys covering the U.S., Canada, South America and Australia; and a round-up of developments in Brazil, Russia, India and China.



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