Utilities Face Short Term Budgeting Pressure
- Oct 12, 2021 5:37 pm GMT
The pandemic’s ripple effects continue to be felt by utility executives. Many energy producers are now feeling pressure to raise wages, but such moves could eat into profitability, according to a Gartner Inc. survey.
The pandemic disrupted business and reduced revenue in many market segments including energy. Electricity consumption fell by7% in 2020, the highest on record since the US Energy Information Administration (EIA) began tracking the sector in 1949.
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