Energy Market Remains Buoyant Despite Challenges

Energy Market Remains Buoyant Despite Challenges - SME News

With Boris Johnson causing Brexit turmoil and the pound plunging, many markets are struggling. Despite this, the global energy market remains strong thanks to its necessity and stability.

In the current financial markets, there is great turmoil in the UK, with many investors seeking to move assets out of the country in a bid to ensure stability, and international marks feeling the strain also.

After all, the ongoing uncertainty about the impact of Brexit, stock market volatility, inflation and interest rates make for a challenging investment environment. TIME Investments’ survey of independent financial advisers found almost half (48%) expect volatility to increase for domestic equities this year.

However, one key market that shows no signs of slowing down is the energy space, with many firms investing in new staff and infrastructure to ensure their continued success. For example, it was recently announced that Ryan Protheroe joins TEAM’s Energy Bureau; his appointment will contribute to the continued growth of operational excellence and the transformation of the Bureau service. Ryan will lead the team of recovery experts, strengthening operational processes, to bolster overall recovery performance for TEAM’s customers.

As well as extensive industry experience gained through working for British Gas Business, where he was responsible for leading teams of up to 80 people, Ryan has an in-depth knowledge of utility bills, their billing elements and utility charge calculations.

Rob Webb, Bureau Operations Manager at TEAM, commented on the appointment:

“Ryan brings a great deal of industry and operational experience to TEAM. He is exceptionally articulate in utility billing. His leadership and management experience will foster enhanced operational performance in the Recovery Team who he will lead to deliver maximised cost recoveries for our customers”

Ryan will be responsible for the team’s delivery of accurate and up-to-date bill query reporting, efficient query resolution and recovery rate optimisation.

Ryan Protheroe also discussed his new role:

“Throughout my career I have become well versed in continuous improvement and driving change in the energy and financial services sectors. Not only am I looking forward to accelerating my experience in the energy sector, I’m looking forward to contributing to TEAM’s transformation of their Bureau service through inspiring, motivating and leading a team of energy professionals”

This appointment showcases the firm’s ongoing commitment to investing in the energy market. Looking ahead, TEAM’s product and service roadmap continues to deliver improved efficiency and maximised cost assurances for their customers. Ryan’s experience in delivering robust commercial performance and his familiarity in the billing cycle processes will underline TEAM’s promise to deliver high-quality service as set out in the organisation’s mission “to help customers build a successful and optimised energy management service”.

Within the investment market energy is clearly still seen as a key focus, with research from the National Centre for Social Research showing that energy assets are a key part of strategies to reduce risk in portfolios.

In keeping with the demand for low correlation assets with predictable income streams, a quarter of IFAs point to alternative assets as part of a derisking strategy, while 23% recommend real assets, which could include infrastructure and renewable energy projects.

Overall, with Brexit showing no signs of slowing down and market uncertainty set to only increase, investors will do well to explore the energy market to ensure that they continue to achieve the returns they expect.

Patrick Doherty