According to S&P Global Ratings, the U.K. has moved up its timeline for achieving a carbon neutral power sector to 2035 from 2050, but they do not expect the utility companies they rate will change course this year, with most energy transition projects already underway.
High and volatile prices will test power producers and energy suppliers in 2022 while they face an increasing risk of political intervention amid households' rising energy bills.
Gain critical insights into S&P Global Ratings’ outlook on the U.K. energy transition.