European electricity utilities managing energy transition challenges. Environment, Development and Sustainability

Energy transitions are a complex technological-economic and social process. Currently, this involves the impact that innovation in technology and information as well as social practices can have on the way the energy is used. Therefore, business becomes much more complex and risky. In the particular case of the European Union, recent years were also marked by multiple changes at the political, economic, social and environmental context. Changes are already in course posing new challenges to European Electricity Utilities. The question that arises is how these subjects impact the structure, consolidation and governance of the electricity utilities and which drivers have the greatest impact on the speeding up the change. It is also our aim to understand how companies are responding to transition challenges in order to ensure the sustainability of their activities and their healthy stay in the market. In this article we present an insight of this issue through the analysis of thirteen indicators on the seven largest European energy utilities. Results allowed comprising the effects of the different economic and financial contexts on the variables under study.