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ABB Review Special Report - ABB - ABB Group

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111010090807060petitive. This has resulted in a largeincrease in investment uncertainty.Electricity is fast-becoming the largesttraded commodity in the world. The keysto success in this marketplace are theability to master real-time market dataand information about the capabilitiesand limitations of resources, and havingefficient tools for asset management.One initial reaction of the utilities hasbeen to cut back on investments, butthis is not a sustainable strategy. Publicresponse to somespectacular blackoutsand supplyshortages has resultedin pressurefor more stringentregulation.Electricity price development for industrial customers in Europe 1995–2000(1995=100). The blue, green and red curves assume a 100%,

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