Entry from British & World English dictionary
A privatized utility which has extended or combined its business to offer its customers additional services (especially those of another privatized utility).
- This type of company is called a multi-utility in Europe and is quite popular there.
- For example, consumers are increasingly able to choose between energy suppliers, with the emergence of multi-utilities (gas and electricity companies) offering to provide both gas and electricity.
- The company has now completed the U-turn in its strategy which has seen it rowing back from its grand plans to become a multinational multi-utility.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.