Power Industry

Electric power and gas market is getting more and more dynamic. Entities in this line of business must continuously search for improvements and innovations. That is one reason for the fast development of alternative, safe energy sources. External surroundings, global economy and politics, as well as internal circumstances, particularly environmental regulations, have a significant impact on the way companies carry out their business activities. The industry is characterised by significant price fluctuation and the need of large capital expenses.

New investments in alternative energy sources (ethanol and bio diesel, shale gas, etc.) made it possible for companies to penetrate new markets. This gives financial departments development opportunities and interesting projects, but also presents challenges connected with correct accounting and tax administration.

Applicable regulations forced the industry entrepreneurs to fulfil a range of obligations connected with book-keeping. They include rules for maintaining company chart of accounts, accounting records in relation to tariff groups, issues connected with disclosing financial statements.