Global tech players ‘pose the main threat to utilities’

Richard Hughes from EDF said genuinely innovative competition is ultimately good for the market

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Global technology players entering the energy market pose the main threat to large gas and power suppliers.

That’s the verdict from Richard Hughes, Director of Sales and Marketing at EDF, who spoke to ELN Editor Sumit Bose at Energy Live Expo in October.

Mr Hughes said despite the risk of losing market share to such firms, increased competition is ultimately good for the market as it “keeps businesses on their toes” and means they provide the best service they can.

He added genuinely innovative disruption was something to be desired, although added it can be a problem when there are lots of startups flooding the marketplace with ‘identical products and services’.

Robert Groves, CEO of SmartestEnergy, recently told ELN the Big Six energy suppliers ‘can’t survive as they are in the new energy future’.

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