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Centrica’s share value drops as Theresa probably approves energy value cap policy during troubled speech

collected by :Haron Adler

Catherine NeilanCentrica & SSE’s share prices have fallen further, after Theresa probably approved she going to impose an energy value cap.
Shares in the English Gas parent Corporation fell as much as 6.5 per cent as she spoke, When elect SSE’s share value too dropped 3.4 per cent.
Centrica’s share value Information Systems this day reduce than it has been for 5 years.
May had been under political Stress to act on energy prices, by a number of her MPs calling for action ahead of the winter.
She had promised a value cap on energy bills for 17m families during the puplic election campaign, however dropped it from the Queen’s speech subsequently.

Britain to impose value caps on domestic energy prices – May

MANCHESTER, England (Reuters) – English Prime Minister Theresa probably told on Wednesday she would impose a value cap on the domestic energy market, sending stocks in providers such as Centrica & SSE tumbling.
Energy bills have doubled in England over the past decade to an average of about 1,200 pounds a year, putting the biggest providers in the sights of politicians & voters that are endeed Combating hight inflation & limited wage growth.
May had proposed a value cap on the market earlier this year however she appeared to backtrack after she lost her parliamentary majority in an election in June.
“One of the greatest examples in England this day Information Systems the broken energy market,” she said, adding which a value cap would help finish “rip-off energy prices”.
Britain’s energy market Information Systems dominated with the so-called large 6 providers of Centrica, SSE, Scottish Power, Npower, E.ON & EDF Energy, which account for about 85 % of the retail electricity market.
 energy prices

Britain to impose value caps on domestic energy prices -PM probably (CNA, SSE, IBE, EOAN, EDF)

MANCHESTER, England, Oct four (Reuters) – English Prime Minister Theresa probably told on Wednesday she would impose a value cap on the domestic energy market.
“While we are in favour of toll free markets we going to always take action to mend them the time they are broken, we going to always take on monopolies & vested interests the time they are holding people back,” probably told the Conservative Party’s annual conference.
“One of the greatest examples in England this day Information Systems the broken energy market,” she said, adding which a value cap would help finish “rip-off energy prices.”

 

 

 

 

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