UK: Energy sector experiencing ‘negative impacts’ of Brexit vote

Date: 19 September 2016

The majority of energy efficiency suppliers fear that it is a matter of time before consumers are subject to rising prices leading to a slowdown in investment, with suppliers already claiming that the Brexit vote is negatively impacting the sector.

The results for the second quarter of 2016 revealed that just one-third of respondents were operating under a “business as usual” approach since the Brexit vote.

That is the overarching view from the latest UK Energy Efficiency Trends report, released today (13 September) by energy verification specialists EEVS and Bloomberg New Energy Finance (BNEF). The report reveals that 56% of the 89 UK organisations and suppliers that were questioned believe that the impending decision to leave the European Union (EU) is already creating negative impacts for their business.

Source: theade.co.uk