At a time of rapid innovation, there is huge opportunity for growth in the domestic Energy, Utilities and Telecoms sectors. Organisations that place importance on assessing and refining their financial modelling methods, are advantageously placed to adapt and thrive in the changing environment.
Ireland’s demand for energy increased by 5% in 2022. That same year, the nation was reliant on imports for 80% of energy needs (compared to an average of less than 60% across all EU member states). Harnessing energy locally from renewable sources is a means of both lowering carbon emissions and decreasing Irish dependence on energy imports. Given the current global transition away from fossil fuels, in addition to geopolitical factors influencing the stability of energy supplies in recent years, there is increased focus and appetite for domestically harnessed energy.
Financial modelling is a key tool for organisations raising finance, as they seek to forecast financials and operational output. At KPMG, our team have extensive experience providing financial model assurance as part of our cross-functional service offering to clients in the energy, utilities and telecoms sectors.
