Economic and Financial Management: Impact of Covid-19 on Octopus Energy Limited

Economic and Financial
Management

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
1.Impact of global pandemic on Octopus energy limited.......................................................1
2.Micro and macro economic factors of environment affecting Octopus energy limited.....2
3. Neo classical and Keynesian economic theories in relation to Octopus energy-...............4
CONCLUSION ...............................................................................................................................4
REFERENCES ...............................................................................................................................6

INTRODUCTION
Economics and financial management is the branch of knowledge which deals with the
management of resources because resources are scare and it has alternative uses. Financial
management is the process of integrating all the functions of management for proper acquisition
and utilisation of funds required to carry out business operations smoothly (Ahmed, Abbas, &
Zia, (2020)). This report includes the impact of global pandemic on Octopus energy, a British
company deals in generating sustainable energy at low cost by using advanced technology. Due
to pandemic there are numerous micro as well as macro factors which effect the working of the
renewable energy company. It also encompasses application of theories like Neo classical and
Keynesian theories of economics on Octopus energy limited at the time of Covid-19.
MAIN BODY
1.Impact of global pandemic on Octopus energy limited
Covid-19 is a global pandemic which hit the each sector of the economy. Renewable
energy is a form of energy which is provided naturally to humans but its preservation is crucial
to save energy for the future as well. For maintaining and storing energy, Octopus limited is
operating at its best. There are several points to ponder while observing impact of covid -19 with
respect to Octopus limited company.
 Effects during pandemic-
There are various factors which impact the working of Octopus energy limited can be
explained as given below-
 Variation in demand- Due to pandemic there was a change in patterns of
demand that simply means that commercial demand was declined and residential
demand of energy was increasing. Changing pattern of consumption was observed
during pandemic (Arnott & Gao,( 2019)) .
 Fear of supply security- Supply chain is becoming narrow due to inflexibility of
transportation and importing of various raw materials was minimised because
lock down was imposed globally.
 Technological transformation- While dealing with financial hardship, Octopus
energy limited developed a Octo assist fund which enables its users to quickly get
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