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20 November 2017

Cyber security series - Who is targeting you and your third parties?

Security compromises continue to make headlines in the press. Increasingly we see organisations reporting losses of data with others being hit by the rising wave of disruptive malware, NotPetya and Bad Rabbit being the most recent examples. Cyber-attacks commonly have a clear target or some obvious modus operandi. What has...

08 November 2017

The industrial internet - a key theme for success at PR19?

Barry Middleton, Water Sector Specialist asks…can Industrial IoT technologies help water wholesalers drive the next generation of improvements in the next asset management period? When it comes to managing assets and driving the next generation of improvements, utility companies can gain inspiration from industries such as aviation and manufacturing in...

02 November 2017

Cyber Security series: How you are helping the hackers.

The internet can be a hostile environment at the best of times. As is the case across all industry sectors these days, the oil & gas (O&G) industry is exposed to an increasing level of cyber security risk. Picking up from our last blog, we look at how businesses sometimes...

31 October 2017

Protecting our energy system in a dangerous world

by Duncan Page, cyber security specialist I had a fascinating day recently at the Energy UK annual conference in Westminster, where I chaired a plenary panel session dedicated to cyber security. Following the conference theme of generation, the session examined the cyber risks and threats facing energy generators from their...

17 October 2017

Cyber Security series: Oil and Gas industry not immune to risk

John Hinchcliffe, cyber security specialist Cyber security has had a lot of media airtime recently – none more so than the recent Wannacry and Petya malware attacks that impacted businesses and organisations worldwide, including our own NHS. Cyber security risks aren’t limited to malware; attacks on supply chains are increasing...

25 August 2017

How can water companies deliver more value to society under PR19?

By Will Evison, Oliver Willmott and Nicky Fomes Context: Northumbrian Water have launched their first major impact report, ‘Our Contribution’. They opted to use PwC’s Total Impact Measurement and Management approach, and we also provided expert advice to support their important efforts. To operate successfully, water companies are highly dependent...

19 July 2017

PwC indepth analysis on 'raising the bar' - Ofwat PR19 Draft Methodology

The water industry has now had an opportunity to consider Ofwat’s draft methodology for the next water industry price review (PR19). While the ask of water and sewerage firms is clearer, many companies will find it a much more challenging price control process than before - even Ofwat has acknowledged...

12 July 2017

Ofwat raises the bar with its draft methodology

By Stuart Cook, Hettie Farrell and Nick Forrest Ofwat has published its draft methodology for the next water industry price review (PR19), providing the clearest indication yet of what it expects from the industry, and laying the foundation for the development of company business plans. In doing so, the regulator...

03 July 2017

Is the energy industry ready for Brexit?

By Stuart Cook, head of Utility Strategy & Regulation and Volker Beckers, PwC advisory board member for Energy The Brexit negotiations have begun. Although the discussions have got off to a “promising start”, both sides recognise the complexity of the work ahead. To date, the focus of attention has been...

30 June 2017

Are utilities, investors and regulators prepared for the low carbon transition?

By Jonathan Grant Jonathan Grant comments on a discussion between energy utilities, investors and regulators about long term planning that we hosted with Preventable Surprises last month. Once a dependably boring part of investor portfolios, energy utilities are undergoing a rapid transition driven by technological innovation and shifts in the...