EDPR took part in the 11th annual Energy Sector Forum
EDPR took part in the 11th annual Energy Sector Forum (Encuentro del Sector Energético) held at IESE Business School’s Madrid campus on Feb. 13.
The meeting gathered the leading experts in the energy field in order to define and confront new objectives for the sector.
EDPR CEO João Manso Neto spoke as part of a panel titled “The Financing of Energy Companies Facing the Reduction of the QE3 in the United States: Impacts on the Financial System.” QE3 is the name used to refer to the third round of quantitative easy iniatives from the U.S. government.
Manso Neto said that the energy sector is emerging from the financial crisis, and while the situation is now better, it is faced with a different mindset in financial markets.
“Many things have changed. Companies in general have become much more prudent in their risk management and in their finanicial management,” he said.
He said that energy companies need to adapt to the currrent situation, which includes the reduction of QE3 in the U.S.
“The most important of all, after the questions about mindset, is that regulation has to be adjusted to the capital intensive structure of the sector. Stability and competition is a message that we at EDP have been repeating and we will continue repeating until we convince the majority,” Manso Neto said.