(OIL PRICE) – Banking and financial firms in London are closely studying and updating contingency electricity supply plans to protect themselves and their customers in case power outages hit the U.K. this winter.
Some banks are discussing the idea of again encouraging the work-from-home policies from previous Covid lockdowns or using offsite locations, representatives of the trade association U.K. Finance, coordinating the talks, told Bloomberg.
The U.K. and the rest of Europe are preparing for potential blackouts this winter, especially if the weather is colder than usual and gas and power shortages strain the grids. Governments in Europe are asking people to conserve energy to avoid rolling outages.
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