This study explores financial resilience strategies for integrated electricity service
providers in navigating global turbulence, including regulatory pressures and energy
transition, cyber threats, exchange rate volatility, and disruptions in primary energy
supply chains. The analysis integrates the Risk Maturity Index (RMI) and Business
Impact Analysis (BIA) based on ISO 22301 standards—commonly applied to operational
aspects, but in this study extended to financial dimensions. The research employs
a mixed approach: quantitative descriptive methods and qualitative inquiry through
case studies, interviews, observations, document analysis, stress testing, risk heat
mapping, and scenario sensitivity testing. The findings indicate that the company
remains at a low level of risk maturity (RMI 2.4 – developing phase) and faces significant
strategic risks in liquidity, tariff setting, infrastructure reliability, and cybersecurity.
Applying financial BIA provides a clearer risk landscape, identifies crisis triggers,
and formulates recovery strategies that enhance business continuity capabilities.
The study recommends strengthening asset management, improving human resource capacity,
and exploring financial instruments for risk mitigation. Overall, these findings contribute
to the development of a comprehensive risk management model that is particularly relevant
for strategic public service enterprises.
