EnergyWatch

Theresa May's UK energy price cap signals wafer thin margins

The UK Prime Minister's pledge to cap energy prices could cost those companies dominating the energy market, include almost 60 suppliers.

Photo: ritzau/AP/Frank Augstein

Britain's utilities are the new political punching bag after Theresa May proposed a price cap to insulate customers from higher prices.

Centrica Plc plunged to a 14-year low after the prime minister said she wants to "bring an end to rip-off energy prices once and for all." Earnings may fall at least 10 percent at three of the nation's Big Six utilities, according to a note from RBC Europe Ltd.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

GE implements 3D printing for making component molds

Developing the world's largest 3D printer will enable the OEM to make molds for nacelle components of up to 9.5 meters in diameter and weighing more than 60 tonnes by means of additive manufacturing. Initial testing is set to begin in early 2022.

Further reading

Related articles

Trial banner

Latest News

See all jobs