Theresa May's U.K. Energy Price Cap Signals Wafer Thin Margins

摘要

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.