Sunday 27, April 2014 by Matthew Amlôt

EY: GCC utilities facing challenges as power demand grows six to eight per cent year-on-year

According to EY, the long-held operating models of the GCC’s utilities, which are based on state-owned monopolies, are facing several challenges. With demand in the GCC growing between six and eight per cent each year, driven by high industry and population growth, utilities in the GCC must meet the soaring demand while managing changing regulations and preparing for the onset of competition.