The UK Power and Utilities industry is under ever increasing amounts of pressure as it faces the challenges of climate change, security of supply, an ever changing economic and regulatory climate and population growth – all of which have significant impacts on energy infrastructure planning.
As the market develops and evolves in response to the changing environment in which it is operating, where will the new opportunities for players be? Which business models will be most effective? What competencies will be key? How will the business environment change as funding is increasingly provided by overseas investors?
How we can help
At KPMG, our team of 200 Power and Utilities experts advise across a broad spectrum of key stakeholders on issues ranging from M&A in the renewables sector and new-build nuclear on an international basis through to PR14 for UK-based water companies.
Alistair Buchanan joins KPMG’s Power & Utilities practice
Alistair Buchanan joined KPMG on 1st October as Partner and Chairman of the UK Power and Utilities group.
This appointment follows his completion of ten year term as CEO of Ofgem, the UK’s gas and electricity industry regulator.
Alistair’s knowledge and experience will provide KPMG’s clients with invaluable insight and expertise at a time when we are seeing massive changes in energy market fundamentals, including mega funding requirements, customer tariffs and the impact of moving to a low carbon economy.
In recent years, Alistair has led Ofgem in three landmark projects: the unbundling of the gas distribution businesses out of National Grid; the launch of a whole scale review of the RPI-X formula which led in 2010 to the creation of the RIIO (Revenue = Incentives + Innovation + Outputs) model for regulatory price controls; and Project Discovery which provided a root and branch review of the UK’s medium term security of supply outlook. Prior to Ofgem Alistair worked for leading investment banks as both an award winning analyst and as Head of Research, in London and New York. He has also been a Non Executive Director for Scottish Water and was a member of the UK Energy Research Partnership (UKERP).
By joining KPMG, Alistair has not only returned to the firm where he trained as a chartered accountant but he has joined a firm with a leading team of 200 specialist power & utilities advisers in the UK alone. This in turn is part of a much larger integrated global team who advise across a broad spectrum of key stakeholders including governments, regulators, investors, consumers and the energy suppliers themselves on issues ranging from M&A in the renewables sector to emission reporting systems and nuclear-energy programmes.
To find out more, contact us.
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