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Current political turmoil could result in a general election, and with a prospective Labour government bent on taking utilities back into public ownership, fund managers need to weigh the risks, says analyst Nigel Hawkins
6 years ago
Claire Perry is taking a temporary leave of absence from her post as energy and
Labour has accused National Grid of running a "desperate PR campaign" after the company defended its position against the opposition's plans to take it back into public ownership.
"Reading Labour’s criticisms of National Grid and their proposals for state ownership resonated with me personally, both because I know the unfairness of their criticisms of us but also because I can see what is wrong with their proposals," says John Pettigrew, chief executive of National Grid.
Less than 30 per cent of people would support water nationalisation if Labour cut pensions to facilitate the move, a survey commissioned by Water UK has found.
British Gas owner Centrica has been granted a judicial review into how Ofgem calculates wholesale costs for its default price cap.
By the end of this month, Ofgem will issue its final decision on how it
Labour’s plans to renationalise the energy networks by paying investors less than market value will fly in the face of international treaties, according to two legal specialists.
Writing exclusively for Utility Week David Smith chief executive of the Energy Networks Association suggests Labour's details on proposals to renationalise the industry creates more questions than answers.
Industry voices have reacted to the news that Britain’s energy networks could be nationalised under a Labour government, following publication of the party’s plans today (15 May).
Those Utility Week spoke to labelled as disastrous the Sunday Times revelations that if the
National Grid has hit back at the Labour Party's nationalisation plans, describing them as an "enormous distraction" from the issue of climate change.
Trade associations representing the smart power industry have written a joint letter to finance secretary Mel Stride and Energy Minister Claire Perry calling for proposals to raise VAT on certain solar products to be scrapped.
