Energy sector’s appetite for mergers and acquisitions up 12%

The appetite for mergers and acquisitions (M&A) in the power and utilities sector is up 12% to a seven-year high. A new survey from EY shows 59% of executives in the sector expect to actively pursue an acquisition in the next year. Around 89% of respondents expect their deal pipeline to increase or remain stable in the […]

Global power and utility deals drop 4%

The global value of deals made among power and utilities firms fell by 4% last year. That’s according to a new report from EY, which shows the year-on-year total dropped to $192.3 billion (£155.15bn) in 2016 from around $200 billion (£161.4bn) in 2015. Regulated assets accounted for the greatest share (46%) of the deal value in 2016, totalling $89.3 billion (£72.05bn). EY suggests […]

How well are Big Six explaining energy price rises?

We’re in the midst of the inevitable yearly pre-winter energy price hikes. Delivering bad news is always tough – so how are the Big Six suppliers managing? Even though suppliers aren’t necessarily to blame for the rises they are responsible for explaining them, according to EY’s power and utilities analyst Richard Postance. He told ELN […]

Utility firms’ confidence in global economy at ‘highest levels’

Confidence among power and utility (P&U) companies is at its “highest levels” for two years, with 89% of executives saying global economy is either improving or is stable. They are anticipating global growth of more than 3% in the next 12 months, according to a new survey by Ernst & Young. Half of the P&U […]