[November 16, 2009] Capgemini: Utilities hit by recession 'must rethink business' says Capgemini Tweet Nov 16, 2009 (M2 PRESSWIRE via COMTEX) -- The fall in energy demand caused by the recession is causing European energy utilities to fundamentally re-examine their business plans. That was the conclusion of Capgemini's regular European Energy Markets Observatory (EEMO) report. The report found that as global electricity demand has fallen by 3.5 per cent - the first time it has fallen since World War 2 - while global gas demand has fallen by 3 per cent. Falls are still higher in the European bloc - as much as 8 per cent lower gas demand and 5 per cent reduction in electricity demand. Capgemini said utilities had to respond to this new reality. ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected]. [ Back To TMCnet.com's Homepage ]