COVID19 pandemic: the challenges and opportunities for the Energy sector
- May 1, 2020 3:40 pm GMT
The COVID19 pandemic is now one of the biggest global crises the world has ever faced. Nearly every company, organisation and home has been affected in some way.
For the energy sector, dampening demand for oil is resulting in falling prices and declining production. A similar theme follows in the electricity sector where the severity of confinement measures has reduced consumption across Europe. Despite this, energy companies still face pressure to keep the lights on for all the many homes and hospitals that rely on them. So how do energy companies marry a squeezed cash flow with the demands of a population reliant on a consistent, secure energy supply?
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