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COVID-19: UK industry focus - Where next for power and utilities?
COVID-19 has created a massive demand shock for the power industry as every sector of the economy is challenged by the pandemic.
Demand for power from businesses has fallen away in line with the dramatic and widespread fall in economic activity during the lockdown, as many have had to scale back significantly while others have had to cease operations all together.
At the same time though, demand from homes has spiked as more people work from home and entertain themselves indoors.
Our experts discuss how power and energy providers are coping with such a huge and sudden shift in consumption and how they can use this challenge to create stronger business models for the future.
“More than anything, COVID-19 has underscored the need for operational agility. For decades, the operating models which have shaped the power sector have largely remained unchallenged. This pandemic is emerging as the unexpected impetus for overdue change.”
How we can help
This insight is brought to you using the capability of Strategy&, PwC’s global strategy house, alongside our PwC industry experts. Together, we transform organisations by developing actionable strategies that deliver results.
We are uniquely placed to combine strategy with technical, industry and execution expertise. We embed our strategy capabilities with expert teams across our PwC network, to show you where you need to go, the choices you’ll need to make to get there, and how to get it right.
The result is an authentic strategy process powerful enough to capture possibility, while pragmatic enough to ensure effective delivery. It’s the strategy that turns vision into reality. It’s strategy, made real.
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Contact us
Energy, Utilities & Resources Deals Leader, Partner, PwC United Kingdom
Tel: +44 (0)7866 727124
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