What challenges are the power sector facing?

“The challenges we reported in 2022 – the Russia-Ukraine conflict, global inflation, energy transition, and climate change – are ever-present,” said Graham Knight, head of global natural resources at WTW. “We’ve seen some positive developments, though. Wholesale gas markets have eased, and supply has shifted away from Russia. There’re signs of global inflation easing as economies respond to higher interest rates, and growing momentum behind the energy transition.”