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Britain to open US$44 bil support scheme for power firms on Oct 17

The Edge Markets LogoThe Edge Markets1w ago

Britain to open US$44 bil support scheme for power firms on Oct 17 - The Edge Markets

Quick Summary:

Prime Minister Liz Truss announced the scheme earlier this month.

This cost has surged along with rocketing power prices, leaving companies struggling to find cash.

Utilities often sell power in advance to secure a certain price but must maintain a “minimum margin” deposit in case of default before they supply the power.


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Article Details

Category: InvestingFinance

Topics: Billion Prices Firms Oct 17 Ministry Energy Power Britain’s Open Finance Scheme

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 13:37:27

News Timezone: GMT +8:00

News Source URL: theedgemarkets.com

Language: English

Reading Time: 2 minutes read

Article Length: 304 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 494221

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About The Edge Markets

The Edge Markets Logo

Main Topics: InvestingFinance

Official Website: theedgemarkets.com

Update Frequency: 103 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 11h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #17

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