Embattled utilities increase focus on ERM
ERM remains just a compliance function at many utilities, say consultants
Enterprise risk management (ERM) has until now meant little more than ‘regulatory compliance' for many utilities in North America and Europe. But markets are becoming more turbulent, and business models more uncertain, making ERM increasingly central to utilities' hopes of success and even survival.
ERM functions have been in place at most utilities for several years, but the majority have not developed beyond the original internal compliance function they were created for, say consultants.
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