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MarketScreener 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.
CENTRICA -0.75% 144.8 Delayed Quote.5.46%
E.ON 0.11% 9.53 Delayed Quote.5.07%
ELECTRICITÉ DE FRANCE 0.34% 13.415 Real-time Quote.28.74%
IBERDROLA -0.06% 6.496 End-of-day quote.0.62%
INNOGY SE 0.00% 37.19 Delayed Quote.13.82%
SCOTTISH AND SOUTHERN ENERGY -0.24% 1262 Delayed Quote.-4.39%
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Financials (GBP)
Sales 2018 28 408 M
EBIT 2018 1 469 M
Net income 2018 628 M
Debt 2018 3 074 M
Yield 2018 8,23%
P/E ratio 2018 11,87
P/E ratio 2019 11,69
EV / Sales 2018 0,40x
EV / Sales 2019 0,40x
Capitalization 8 232 M
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Technical analysis trends CENTRICA
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TrendsBearishNeutralNeutral
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 18
Average target price 1,56  GBP
Spread / Average Target 7,1%
EPS Revisions
Managers
NameTitle
Iain C. Conn Chief Executive Officer & Director
Richard Neil Haythornthwaite Chairman
Jeffrey Allan Bell Group Chief Financial Officer & Director
Mike Young Group Chief Information Officer
Mark Hanafin Group Executive Director & CEO- Centrica Business
Sector and Competitors
1st jan.Capitalization (M$)
CENTRICA5.46%10 499
ELECTRICITÉ DE FRANCE28.74%46 031
ENGIE-8.41%36 417
NATIONAL GRID PLC-5.06%35 543
SEMPRA ENERGY9.29%31 954
ORSTED19.43%25 929