Power and Utilities

Strategy for the Next Decade

With the evolution of today’s energy market, companies in the power and utilities industry must be prepared to reinvent themselves. New and more stringent regulations, novel forms of competition (even for regulated utilities), and questions about the best ways for power and gas grids to navigate the energy transition and integrate conventional and renewable power supplies are plaguing the industry.

At the same time, digital is transforming how utilities serve customers, identify market opportunities, and plan for long-term growth. To thrive in this environment, utilities must reexamine and, in many cases, transform their business models to focus on full-scale digital transformation and decarbonization.

Our Power and Utilities Services


Power Generation

In a challenging environment, BCG helps companies regain competitiveness and fund the journey to prepare for the future.



Companies turn to BCG to deliver value through strategy, scale, and new technologies in the reusable energy sector.


Energy Networks

BCG helps networks navigate disruptions and transform for the future.


Retail Energy

With a range of techniques, BCG works with retailers to upgrade their strategy and operations.

Far-away shot of a oil and gas rig at night

Commodity Trading

Clients throughout the power industry work with BCG to maximize the value of their power portfolio and discover other valuable solutions.


Distributed Energy Resources

Clients work with BCG to adapt their business models for distributed energy resources challenges and opportunities.

Melting ice in a semi-frozen sea

Natural Gas and LNG

BCG’s deep expertise helps clients optimize their gas supply portfolios.

For more topics related to the power and utilities industry, read about supply chain management, large capital project management, and procurement.

Thriving in the Energy Transition

Facing make-or-break choices from the imperatives of decarbonization and sustainable energy production, energy and power providers can still survive and prosper by making the right strategic and operational moves.

Shaping the Global Energy Transition

Together, we need to rethink our energy production and consumption, come up with holistic solutions, and respond to the challenges and opportunities facing our planet.


BCG’s utility consulting teams help their global clients undertake five crucial steps in to reinvent themselves:

  1. Decarbonize and transition from fossil-based to renewable energy sources
  2. Build a strategy to fund the energy transition and meet the goals of the Paris Agreement
  3. Reorganize for innovation and agility while managing costs
  4. Leverage digital to become a bionic company by combining the best of technology and humanity
  5. Embrace new business models to continuously create value for customers throughout the industry

How BCG Delivers Impact in Power and Utilities

BCG delivers lasting change to our power and utilities industry clients around the globe. Read about the impact we’ve had and the solutions we bring.


Global Energy Scenario Model

Amid the challenges of decarbonization, climate change, volatile energy prices, and regulatory changes, BCG’s global energy scenario model helps companies make the best decisions possible.


Digital Health Check: Power Generation Digitization

BCG’s digitization health check helps power generators better understand and optimize their use of digital technologies.


Utility Reduces Churn and Boosts Profits

BCG worked with a major European player in the utility market to design a strategy that would reduce customer attrition in the face of intensifying competition.


A Utility Transforms Its Operations and Culture

BCG worked with a large international energy utility to overhaul its core business and culture, resulting in substantial gains in operating efficiency and overall business performance.

Meet BCG’s Power and Utilities Leaders

Our Centers of Expertise

Our Latest Thinking in the Power and Utilities Sector

Dispatch from Davos: Energy Companies and the Race to Save the Planet Energy companies are leveraging technology and collaboration to decarbonize their business, transition to new sources of energy, and build a cleaner future."

Read on LinkedIn

Alan Thomson
Global Leader, Energy Practice

Transformation, the New Norm in Energy in the 2020s Always-on transformation is becoming the default state in the energy industry. Read on LinkedIn >>

Björn Ewers
Managing Director & Partner

Energy transition: the new and necessary mindset for the energy sector At last week’s Mexican Energy Forum, I gave a keynote on a topic of serious importance to energy sector leaders everywhere: Disruption is coming, and you’re probably not ready."

Read on LinkedIn

Paul Goydan
Managing Director & Senior Partner

The Mounting Economic Logic of Climate Action Climate action has moved to center stage as a critical political, economic and business topic. But governments and business executives struggle to agree on what actions to take and with what urgency. Read on LinkedIn >>

Patrick Herhold
Managing Director & Partner

Four Steps to Digitize Workforce Management at Utilities In our work with leading utilities, we’ve found that companies can reap significant benefits even if they take just the first steps towards a fully digitized future. Read on LinkedIn >>

Balázs Kotnyek
Partner and Associate Director
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Power and Utilities