UK power stocks dropped after Chancellor of the Exchequer Rachel Reeves said the government was drafting plans to delink gas prices from electricity costs, raising concerns that lower power prices would hurt earnings for generators.
UK Energy Stocks Fall as Reeves Eyes Delinking Gas-Power Prices
UK power stocks dropped after Chancellor of the Exchequer Rachel Reeves said the government was drafting plans to delink gas prices from electricity costs, raising concerns that lower power prices would hurt earnings for generators.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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