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Corporate performance of the Seven Brothers of the European energy market: Then there were five

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  • Thomas, Stephen

Abstract

Fifteen years ago, Thomas (2003) found that seven European energy utilities had a strong hold over European energy markets. By 2009, further concentration had occurred, with five large utilities becoming more dominant. However, by 2015, while the market share of these five companies remained intact, their strength was waning. Sales and profits were declining, and their credit ratings suffering. Contributing factors were poor corporate strategy, competition from new entrants, and a shift from large, complex technologies to smaller, decentralised options. The challenge for the Big Five is to embrace new business models and transform themselves into more nimble companies.

Suggested Citation

  • Thomas, Stephen, 2018. "Corporate performance of the Seven Brothers of the European energy market: Then there were five," Utilities Policy, Elsevier, vol. 50(C), pages 164-174.
    • Handle: RePEc:eee:juipol:v:50:y:2018:i:c:p:164-174
    DOI: 10.1016/j.jup.2018.01.002
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    References listed on IDEAS

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    1. Tomain,Joseph P., 2017. "Clean Power Politics," Cambridge Books, Cambridge University Press, number 9781316642139.
    2. Tomain,Joseph P., 2017. "Clean Power Politics," Cambridge Books, Cambridge University Press, number 9781107039179.
    3. Thomas, Steve, 2017. "China's nuclear export drive: Trojan Horse or Marshall Plan?," Energy Policy, Elsevier, vol. 101(C), pages 683-691.
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    Cited by:

    1. Wu, Fei & Xiao, Xuanqi & Zhou, Xinyu & Zhang, Dayong & Ji, Qiang, 2022. "Complex risk contagions among large international energy firms: A multi-layer network analysis," Energy Economics, Elsevier, vol. 114(C).
    2. Kattirtzi, Michael & Ketsopoulou, Ioanna & Watson, Jim, 2021. "Incumbents in transition? The role of the ‘Big Six’ energy companies in the UK," Energy Policy, Elsevier, vol. 148(PA).
    3. Yurchenko, Yuliya, 2020. "The energy sector and socio-ecological transformation: Europe in the global context," Greenwich Papers in Political Economy 30519, University of Greenwich, Greenwich Political Economy Research Centre.
    4. Specht, Jan Martin & Madlener, Reinhard, 2019. "Energy Supplier 2.0: A conceptual business model for energy suppliers aggregating flexible distributed assets and policy issues raised," Energy Policy, Elsevier, vol. 135(C).

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