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Lessons from corona virus

image credit: Corona virus: crisis or opportunity?
Rafael Herzberg's picture
Consultant energy affairs Self employed

Rafael Herzberg- is an independent energy consultant, self-employed (since 2018) based in São Paulo, Brazil* Focus on C level, VPs and upper managers associated to energy related info, analysis...

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  • Mar 16, 2020
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Lessons from corona virus

How should upper managers from the utility industry around the globe deal with the corona virus? 

My suggestion is exploring new options for the clients, whether, industrial, commercial, institutional and residential energy users. Here goes an example focusing on decision-making-processes.

In mid-February, I consulted by email two of the largest investment banks about the allocation of resources, especially in relation to variable income (stocks typically).

My concern came from a simple reasoning: if China was being badly affected by the corona virus, production chains that depend on supplies from that country would be affected, disrupting the markets.

The answers that came back from the banks were centered on this statement that I literally transcribe "we do not expect the corona virus to have a relevant impact on the markets".

Contrary to the answers, I decided to sell my positions because in my assessment the conditions for a global crisis were met. I avoided the huge collapse of the stock exchanges that followed.

Why do I bring this episode to your attention? It is always worthwhile for decision making processes to know and evaluate the alternatives. And don't blindly follow the pack. 

Bottom line: utility companies and the power industry as a whole should take the global corona virus crisis as an opportunity to explore new ways to be side by side with their clients. 

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Thank Rafael for the Post!
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