Public power utilities collaborate with a variety of third parties to accomplish all kinds of back office, operational, and other tasks. Here’s a snapshot of the different types of companies public power utilities engage with for consulting services, as reported in our 2023 Purchasing Outlook.
Service | Percent of Utilities |
Engineering planning | 65.3% |
IT | 54.5% |
Cybersecurity | 52.5% |
Ratemaking | 48.5% |
Safety | 37.6% |
Grant support | 37.6% |
Bulk power purchases | 36.6% |
Project management | 31.7% |
Strategic planning |
29.7% |
Risk management | 25.7% |
Accounting and finance | 21.8% |
Emergency management | 16.8% |
Governance training | 14.9% |
Physical security | 13.9% |
Only 3% of respondents reported not having any consulting support