CRA consultant Colin Johnson recently participated in a roundtable discussion on energy market consolidation in the UK. The UK energy market is undergoing major change, with regulatory headwinds, soaring costs, increasing competition, new technologies, suppy and storage issues and a growth in renewable consumption shaping activity. Also a key factor is the market’s drive toward consolidation, a trend signalled by a significant number of mergers, acquisitions, and exits. In order for the sector to prosper, suppliers across all energy generation types need to focus on the sustainability of their business models and the robustness of their systems, controls, and service standards.
Simon Ede quoted in Bloomberg article on UK Energy retailers
In the past month more than 1.5 million customers have seen their energy supplier close down. The energy regulator Ofgem has been forced to find new suppliers...