Energy and utilities
The utilities and energy sectors are changing in the face of evolving business models, greater need for capital and technological investment, the move to ‘smart grid’, and increasing scrutiny of the level of competition in the industry.
In particular, utility sponsors have seen the industry evolve as new entrants have entered the market with different business models, specifically those delivering multi-utility solutions and services to both domestic and commercial customers, whilst a stricter regulatory environment in AMP 7 and RIIO-2 will add further pressure. Likewise, the energy sector has been affected by the strategic shift towards renewable energy.
We make it our business to understand the sector nuances and industry specific challenges and can provide both trustees and sponsors with expert advice on the implications of these changes for their scheme.