23.01.18 Will Carillion's demise affect our energy?

Posted on January 23, 2018
Archive : January 2018
Category : Energy News

As you probably know, for a company that most of us hadn't really heard of, Carillion had its fingers in an awful lot of pies – including the energy sector. Utility Week has provided a quick overview of what the construction company's collapse means for our energy. Unlike hospitals and roads, so far energy seems to have got off relatively lightly with three of the big six (Eon, SSE and EDF) saying that they had no ongoing projects with the company. However, it's the National Grid that has seen the biggest impact with three Carillion projects in the pipeline. National Grid say that they have contingency plans to keep disruption to a minimum so there's an obvious acceptance that there will be some problems. For example, take a look at their £38 million project to build the overhead line to link the national grid with the new interconnector running between Belgium and Kent. This is designed to provide the UK with much-needed flexibility when it comes to where we buy our energy and what we have to pay for it, so any delays to that are unlikely not to go unnoticed by the markets which have a well-deserved reputation for bumping up prices at the first hint of a disruption in supply (see our last two news stories). In addition, the Carillion Energy Services division, which never quite recovered from the great Green Deal debacle, had a big share in the £336 million project to replace heating systems in 86,500 Northern Ireland Housing Executive homes. So gone, but definitely not forgotten. At least not any time soon.

Source: Utility Week – to read the detailed Utility Week story please click here