The interplay of long-term energy transition trends with the impacts of the COVID-19 pandemic and the oil price collapse will make 2020 a pivotal year for both energy consumers and the companies who serve them. The 2020 reset offers every player in the energy chain – power generators, energy retailers, T&D networks, renewable operators and others – opportunities to slingshot their businesses to a desirable future. Our leader article introduces Energy 2020 and the forces of change that will shape ‘A Different Energy Consumer’ and ‘A Different Energy Company,’ the two major themes of this series
What are the questions energy companies must consider?
In previous articles of Wipro’s Energy 2020 blog series, we discussed the interplay of three major forces – maturing long-term energy trends, collapsing oil prices, and long-term ramifications of the COVID-19 pandemic – and how these events will push energy companies to adapt their business models driven by the evolution of a different energy consumer.