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What will the options be for regulated companies when the threats of coronavirus begin to ease and we enter a gradual exit from lockdown? Berkeley Research Group's Colm Gibson and Adam Mantzos discuss.
5 years ago
Global ratings agency Moody's said the combination of tough determinations for AMP7, cuts to permitted returns, volume of appeals to the CMA and uncertainty for the sector spells a negative outlook for water for the next 18 months
The ten members of the Heat Networks Industry Council, including EDF Energy, Eon and SSE, have pledged not to cut off customers during the coronavirus pandemic.
Yu Group chief executive Bobby Kalar believes business utility customers need more help from the government to recover following the coronavirus pandemic. Speaking to Utility Week Kalar said unprecedented times called for corresponding measures to tackle the economic downturn.
Business secretary Alok Sharma has praised the utilities sector in what he described as an “unparalleled time” for the nation. Utility Week's Keeping Us Connected campaign will be used to urge the government to officially recognise the vital work the sector is doing during the pandemic.
Even before coronavirus, companies were increasingly moving towards a “triple bottom line”, where social and environmental impact are used as measures of success, alongside profit. Richard Wrigley of law firm Shakespeare Martineau looks at the legal issues for a company that is interested in expanding its corporate purpose from that of creating value for shareholders
Eon UK chief executive Michael Lewis tells Utility Week that energy retailers should look at how the water sector is dealing with bad debt during the coronavirus pandemic. He insists that if the situation escalates, the energy retail sector “should not have to bear the risk of the non-collection of costs that suppliers collect on behalf of other parts of the industry”.
Greg Jackson has expressed disappointment that large suppliers are resorting to “traditional energy industry infighting” instead of coming together to help the most vulnerable customers. The Octopus Energy chief executive said he had proposed a standardised form for assisting vulnerable customers but it had not been adopted by the wider sector.