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Cover story - Industry overload.
(From Financial Director)
Take a monopolistic power market, energise it through market liberalisation, enthuse it with the idea of new, cheap generation assets (the dash for gas), then hit it with perfect competition which kicks in with startling efficiency (the New Electricity Trading Arrangements, or NETA) and what do you get? The answer, if you are a supplier, is pain. Plenty of pain.
The UK's electricity utilities, by and large, have not had a happy time of it over the past 18 months. Overcapacity and wholesale power prices that are below the long-run costs of generation have made life very difficult for the sector's FDs. The name of the game has ...
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...statement triggered a 25% surge in Centrica's shares. The company's...not even considered purchasing Centrica in the United Kingdom, while...companies in Britain, including Centrica and Scottish Power. Yet Medvedev also noted the...
- Centrica chief: Hostile bid will hold gas prices
- Newspaper article from: The Independent on Sunday Mark Leftly July 12, 2009 700+ words
...its 10 million households. Centrica made an 845p-a-share offer...structural hedge", so that Centrica would have sufficient reserves...spare supply as rivals such as Scottish Power and npower. Mr Wagstaff countered...of recent transactions." Centrica went hostile after raising...
- Centrica price rises spark broker worry; MARKET REPORT.
- Newspaper article from: The Evening Standard (London, England) February 21, 2006 700+ words
...analyst Marc Koebernick says Centrica made it clear last week...also points out that two of Centrica's competitors had already...last week. EdF Energy and Scottish Power were lower in terms of gas...lower for electricity. "Centrica is bound to lose its edge...
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- Press release article from: PR Newswire May 17, 2005 700+ words
...Extended Expert View looks at Centrica's strategy of expanding...industry in general. Using Centrica's case, this brief focuses...ON UK, RWE npower, Scottish Power and SSE form the backdrop against which Centrica's position is analysed...
- Centrica loses 1m customers.
- Newspaper article from: Sunday Business (London) February 20, 2005 700+ words
...December trading statement, Centrica said it had lost 920,000...The city is expecting Centrica to sweeten the news with...Southern, which alongside Scottish Power has taken the lion's share of Centrica's customers, announced...
- Russians mull [pounds sterling]11 billion bid for Centrica.
- Newspaper article from: The Evening Standard (London, England) February 2, 2006 700+ words
...the UK gas supply market." Centrica is the largest utility in...not specifically identify Centrica. Gazprom deputy chairman...potential foreign buyers. Scottish Power has only just extricated itself...executive Ian Russell his job. Centrica, chaired by Roger Carr...
- Centrica.
- Newspaper article from: Financial News October 15, 2001 700+ words
The Sunday Telegraph Centrica, the supply arm of the former...exclusive negotiations with Scottish Power to buy Southern Water, bought...6bn (e2.6bn) in 1996. Centrica is bidding with Vivendi Environment...Citigroup. The deal would fulfil Centrica's ambitions to diversify...
- Centrica in the frame as Gazprom keeps sights set on UK.
- Newspaper article from: The Evening Standard (London, England) June 6, 2006 700+ words
...intervene in any approach to Centrica on political grounds, Gazprom...British ports. However, Centrica is seen as a key strategic...stations. A recent dip in the Centrica share price following news...Gazprom has also been linked to Scottish Power, the energy group that has...