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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Centrica    CNA   GB00B033F229

CENTRICA (CNA)
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Strong consensus in parliament to act on energy price caps - Clark

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10/05/2017 | 10:11am CEST

LONDON (Reuters) - There is a strong consensus within the British parliament that the energy market needs to be restructured and MPs will act to give the regulator the necessary power to impose price caps if needed, business secretary Greg Clark said.

Prime Minister Theresa May stunned the energy market on Wednesday when she announced a plan to impose price caps on standard variable tariffs, the basic rates that energy suppliers charge if a customer does not opt for a specific plan. Around 70 percent of households are on SVTs.

"If they (the regulator) need legal back-up there is a strong consensus in parliament for this, so we will publish legislation and we'll invite the whole house to endorse this so that they have the legal certainty," Clark told BBC Radio 4 on Thursday.

(Reporting by Kate Holton; editing by Estelle Shirbon)

Stocks mentioned in the article
ChangeLast1st jan.
E.ON -0.96% 8.79 Delayed Quote.-2.05%
ELECTRICITÉ DE FRANCE 0.13% 11.45 Real-time Quote.9.74%
IBERDROLA 0.22% 6.314 End-of-day quote.-2.48%
INNOGY SE -4.91% 35.8 Delayed Quote.15.23%
SCOTTISH AND SOUTHERN ENERGY 0.72% 1337.5 Delayed Quote.0.61%
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Financials ( GBP)
Sales 2018 28 072 M
EBIT 2018 1 454 M
Net income 2018 647 M
Debt 2018 2 920 M
Yield 2018 8,19%
P/E ratio 2018 10,96
P/E ratio 2019 11,78
EV / Sales 2018 0,40x
EV / Sales 2019 0,40x
Capitalization 8 211 M
Chart CENTRICA
Duration : Period :
Centrica Technical Analysis Chart | CNA | GB00B033F229 | 4-Traders
Technical analysis trends CENTRICA
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 1,53  GBP
Spread / Average Target 4,1%
EPS Revisions
Managers
NameTitle
Iain C. Conn Chief Executive Officer & Director
Richard Neil Haythornthwaite Chairman
Jeff Bell Group Chief Financial Officer & Director
Charles Cameron Director-Technology & Engineering
Mike Young Group Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
CENTRICA6.74%11 469
ENGIE-1.29%42 135
ELECTRICITÉ DE FRANCE9.74%40 334
NATIONAL GRID PLC-8.40%37 322
SEMPRA ENERGY2.23%28 845
ORSTED15.74%26 800