28 posts categorised "Power & utilities"

13 December 2017

Ofwat toughens its resolve for PR19

Ofwat published its final methodology for the PR19 price review on 13 December 2017, continuing to raise the bar on the standards expected from the water industry. Its statement that typical household bills should decrease by £15-25 underlines the regulator’s expectation that companies will deliver a step change in efficiency...

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...

09 December 2016

The Connected Home: Is It Anyone’s Game?

By Steve Jennings & Jonathan Scott Our work on the Connected Home has identified 10 different developments that likely represent the practical reality of the future of the connected home. Today we launch our thinking on the final five developments we have identified.[1] These developments are the 10 kinds of...

30 August 2016

Distributed Energy: a step-change for battery storage in the UK

By Ronan O'Regan, Director, Renewables This is the second blog in our look at the Distributed Energy Resources (DER) market. The first provides an introduction to DERs. We are in the middle of a step-change for battery storage in the UK. The results of National Grid’s EFR auction were released...

28 June 2016

How will the decision to leave the EU impact the electricity and gas industry?

By Stuart Cook & Volker Beckers In the third of a series of blogs, Volker Beckers and Stuart Cook consider how the decision to leave the EU might impact the electricity and gas industry. In recent years, UK energy policy has been framed in the context of the energy “trilemma”...

27 June 2016

The Energy Market Investigation – no substantive change

By Stuart Cook & Volker Beckers Click here to download our full analysis of the CMA's final report from the Energy Market Investigation. The CMA has today published its final report from the Energy Market Investigation. This marks the final stage in the Investigation, which was launched by Ofgem two...

03 June 2016

Innovation Jumpstart: making innovation second nature

By Sean Mahdi The challenges faced by utilities firms continue to multiply: climate change and population growth are putting pressure on natural resources; increased competition and regulatory change are forcing organisations to become more customer-focused; while new technologies are challenging traditional ways of doing things in every part of their...

23 May 2016

Innovation in the energy utilities sector

By Steve Jennings The unprecedented pace of change in the energy utility sector makes innovation more important than ever – but also creates a new challenge to understand what innovation means today. Truly innovative companies are using disruptive thinking, cutting-edge technologies and modern ways of working to create new products...

22 March 2016

Customer engagement in an era of energy transformation

By Steve Jennings Competition in the UK retail energy market is getting hotter – the number of suppliers has more than doubled in the last few years with 414,000 customers switching their electricity supplier in February––a 55% increase compared to the previous month. There are now 35 domestic energy suppliers...

10 March 2016

The Energy Market Investigation – protecting customers and removing barriers

By Stuart Cook Click the link to download our full analysis looking at each of the CMA’s provisional decisions to help guide industry participants on where they should be focusing their time and analytical effort: Download PwC CMA provisional remedies -_further analysis The Competition and Markets Authority (CMA) published its...

04 March 2016

How might Brexit impact on the electricity and gas industry?

By Volker Beckers & Stuart Cook In the first in a series of blogs, Volker Beckers and Stuart Cook consider how Brexit might impact the electricity and gas industry. In recent years, UK energy policy has been framed in the context of the energy trilemma – the sometimes conflicting objectives...

03 March 2016

Do management care about Revenue Leakage?

By David Gandee, Partner A statement of the obvious? “If you know you're losing money, then surely you’ll want to collect it, and soon.” However, in many walks of life, lethargy and fear of the unknown are significant barriers to action, and the same applies to Revenue Leakage. In my...

15 February 2016

How does new nuclear generation help the energy trilemma?

By Karen Dawson PwC’s ‘Energy 2020 Tracker’[1] provides an independent assessment of the progress against the UK policy objectives of secure, affordable and low carbon energy, otherwise known as the Trilemma. This blog examines how new nuclear generation supports these objectives. The challenges of the energy trilemma continue apace, driven...

09 February 2016

Smart meters: a window of opportunity into the connected home for energy companies?

By Richard Hepworth and Jonathan Scott The take-up rate for connected home technologies is today driven by the appetites of individual consumers. Many are still deciding how, or even if, they will choose to move forward. But one connected technology, the smart meter, will definitely arrive in consumers’ homes within...

20 January 2016

Perform in nuclear

By Melisa Findlay The nuclear industry faces extreme resource constraint over the next 10 years and has a unique requirement to maintain a high safety standard and a well-established safety culture. The UK nuclear industry has always been heavily reliant on a skilled workforce but it is now facing more...

14 January 2016

Connected homes blog 2: The implications for energy retailers and changing customer relationships

By Richard Hepworth and Danny Clink The connected home is a great opportunity for energy retailers – but it’s also a big threat. Experience across many different markets shows how far and fast digital disruption can drive changes to a market. A cursory look at the changes taking place, for...

15 December 2015

The connected home

By Richard Hepworth and Sebastian Turner The proliferation in the number of connected devices, the spread of almost infinite cloud computing and the plunging costs of data storage at huge scale are all key factors behind the rise of the Internet of Things (IoT). Few areas of life will be...

14 December 2015

PwC's UK Power & Utilities Leader on the impact of Paris agreement and decarbonisation of the power & utilities industry

By Steve Jennings The Paris Agreement was adopted on Saturday night to a standing ovation. We asked Steve Jennings, PwC’s UK Power & Utilities Leader, to explain why climate change is important and what it means for the power and utilities industry. For our latest updates follow us @pwcclimateready or...

07 December 2015

UK energy policy under the new government: who are the winners and losers?

By Steve Jennings It is a little over six months since Amber Rudd became Secretary of State for Energy and the period since then has been busy. Government has acted swiftly to bear down on the costs of renewable energy and security of supply has been elevated up the agenda....

23 November 2015

Energy UK and PwC – Breakfast briefing with Google

By Richard Hepworth and Danny Clink Last week we hosted a breakfast for members of Energy UK and were joined by Google as we launched the next piece in our Energy 2020 series: Becoming digital normal about the future of energy and how utilities can become truly digital. The discussion...

16 November 2015

Energy 2020 – Becoming digital normal

The message in our recent publication Energy 2020: Who will be the Winners? is simple: energy suppliers can no longer rely on their heritage and traditional expertise to compete in the market of the future. This week we will publish the latest instalment in this campaign looking at how utilities...

26 October 2015

Choices in energy - insight from Energy UK's annual conference

By Steve Jennings We were very pleased to sponsor for the third year running, the 3rd Energy UK Annual Conference which was held on Wednesday 21 October. Its theme ‘Choices in Energy’, allowed the speakers and delegates to explore the many directions our industry could take in the coming years....

19 October 2015

Energy 2020 – Who will be the winners?

By Steve Jennings We are proud to sponsor this year’s Energy UK Annual Conference on Wednesday 21 October which will focus on ‘Choices in Energy’. This is a particularly fitting theme given the trends we are seeing in the energy supply market: technological innovation, localisation and more intense competition. These...

16 July 2015

The smart connected home and implications for the energy retailer of 2020

By Alan Dion, Director Whilst the recent focus for most in the industry has been on the CMA referral and its provisional findings, a further significant and potentially disruptive change to competition in the UK energy retail sector is coming through the impact of the Internet of Things (IOT). The...

15 June 2015

Lessons from the past, where the CMA’s energy market investigation might go?

The ongoing investigation by the Competition and Markets Authority (CMA) into the energy market is approaching a critical stage. Later this month, the CMA will publish its provisional findings and possible remedies. In anticipation of this, we look back to past competition enquires to see what they reveal about the...

20 February 2015

Competition and Markets Authority Issue Statement points to radical change

By Stuart Cook The Competition and Markets Authority (CMA) has been investigating the energy industry since June 2014. It will complete its work by the end of this year. The CMA published an updated Issue Statement on 18 February 2015. This statement summarises the CMA’s current thinking on the evidence...

09 February 2015

Igniting change: Building the pipeline of female leaders in energy

By Laura Manson-Smith, Partner, Consulting It’s the mid-nineties. I’m sitting in a lab in Germany where I’m doing some research at a particle accelerator as part of my physics degree. I’ve been looking at the same graph for a long time and have a lightbulb moment……I’m not cut out to...

17 December 2014

Complaints handling culture must change

By Steve Jennings, UK Power and Utilities Leader Over the past year, energy companies have had to contend with criticism from politicians, the media and the regulator, Ofgem. Only this week, the Energy Ombudsman released a statement confirming that it had received 5,102 complaints during the month of November–the third...