UK's Energy Industry Divided in Battle for Free Electricity [Financial Post (Toronto, Ontario, Canada)]
IBERDROLA SA S/ADR (IBDRY)
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — A proposal to divide up the UK power market and unleash free electricity in the windiest parts of the nation is turning into a bitter fight between its biggest energy companies. Whether to keep Britain's electricity system as one national market or break it into regions with different prices is one of the consequential decisions looming for Prime Minister Keir Starmer's government. There are potential benefits for consumers but major downsides for green power companies. Britain needs to deliver its climate goals and the impact of redrawing the market run to tens of billions of pounds. “Both sides think they're doing what's right,” said Adam Bell, head of policy at consultancy Stonehaven who was previously in charge of strategy at the UK's energy ministry. “There are a lot of people who stand to make or lose a lot of money either way.” Today, Britain has a single wholesa
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