Payment defaults could burden utilities

Munich (energate) - Despite the price brakes for electricity as well as gas and heat, utilities must prepare themselves for the fact that customers are increasingly defaulting on payments. "In many places, this puts companies at risk of barely making a profit or even sliding into the red," according to an analysis by strategy consultants Oliver Wyman. "Municipal utilities have to be prepared for payment defaults amounting to five to ten per cent of turnover, despi ...