Offer hints at new sales
Article Abstract:
PowerGen and National Power may have to reduce their stakes in the UK electric power generation market. Offer, the industry regulatory body, has hinted that this measure may be imposed. The two companies have already had reductions imposed on them. National Power's stake is being reduced to under 25% from 35% and PowerGen's share is dropping to 20% from 26%. Stephen Littlechild, the regulator, is also seeking to speed up the sale of capacity by PowerGen.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Sparks fly as Recs lose their monopolies
Article Abstract:
Full competition is to be introduced into the United Kingdom electricity market from 1998, ending a process that started in 1990. Electicity generators are affected as well as the regional electricity companies. New entrants are likely to seek out the most profitable customers and local suppliers have a duty to supply the poorer, less profitable customers. The number of suppliers could be reduced over the long term as the result of competition.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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