Report highlights sector’s fear of political interference

An Ernst & Young report released this week has found that political interference is perceived as the biggest threat to the future of utilities.

The report surveyed 110 power and utility companies from 20 countries and found that political intervention through changes to energy policies is ranked as causing most concern within the sector.
Ernst Young
Richard Postance, power and utility advisory leader at Ernst & Young, told Utility Week, "Given its potential impact on everything from half-century capital planning to customer operations, political intervention is seen as a significant risk for the P&U industry, even in markets like the UK that have been considered stable and transparent."

He added: "We are seeing a real fear amongst utilities of ending up on the wrong end of expedient, but short sighted political action.”

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