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Shares in Centrica, SSE sink as May announces energy price cap
October 4, 2017 / 12:00 PM / in 19 days

Shares in Centrica, SSE sink as May announces energy price cap

LONDON, Oct 4 (Reuters) - Shares in British energy providers Centrica and SSE hit session lows on Wednesday after Prime Minister May said she would impose a price cap on the domestic energy market.

Both utilities’ stocks were already in negative territory as traders anticipated an energy policy announcement in May’s speech at the Conservative Party conference, but they extended losses on her comments, in which she hit out at “rip-off” energy prices.

Centrica was last down 6.4 percent while SSE fell 3.6 percent. (Reporting by Helen Reid; Editing by Toby Chopra)

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