Labour’s proposal for a return to wholesale power traded through a pool “is likely to lead to a more competitive supply market” and to “add greater transparency to the profitability of the main UK energy generators and suppliers,” according to Investec. “For the main vertically-integrated players, that is not necessarily good news,” the investment bank said in a research note this week.
Investec downgrades two major energy firms amid ‘lose-lose’ political storm
