Reflections on 2020 and Predictions for 2021
By Carl Ennis (pictured), CEO Siemens and Smart Infrastructure, GB&I Since becoming CEO in December, most of my life has been dominated by Covid-19. But despite causing many difficulties, the pandemic has brought some good. It has accelerated the pace of change and given us valuable insights into where – and how – we will […]
Half of businesses in the energy sector believe Brexit will have ‘a long-term positive impact’
A state-of-the-nation study into how businesses in the energy sector are prepared for Brexit has revealed 62% believe the process of exiting the EU is currently having a positive impact on their business, while just 15% feel it hasn’t had any impact at all. Commissioned by Huthwaite International, the report shows that post-Brexit business prospects […]
UK power market hits consolidation as Brexit looms
A major change is underway in the UK power market, with increasing competition, regulatory headwinds, growth in renewables and investors’ uncertainty in Brexit all playing a part. That’s according to research by GlobalData, which says a significant number of mergers and acquisitions (M&A) within the UK power sector has signalled a period of consolidation, along […]
Brexit is already leading to higher energy prices
Consumers paid on average £75 more in the year after the EU referendum for gas and electricity, according to research by UCL, with the business sector also to be hit as wholesale prices fluctuate. A hard Brexit could lead to a further average rise of £61 per year in the event of further devaluation of […]