Utility execs warn blackouts more likely


Even with plans for new generation capacity, power industry execs expect blackout risks to rise in Europe and North America, as the industry confronts the challenge of energy affordability, efficiency and energy security policies not meeting demands.


That's among the findings from PwC’s 12th Global Power & Utilities report -- The shape of power to come -- which surveyed the views of 72 power and utilities companies in 43 countries.


In Europe and North America close to half (46%) predict an increased risk of blackouts up until 2030, while in developing markets where power cuts are currently more commonplace, 53% expect them to reduce.