Sembcorp likely to be hit by UK’s energy price cap, analyst says
Add BT as a preferred source
SEMBCORP Industries is one company in Singapore that could be impacted by UK prime minister Liz Truss’s energy plan.
Truss last week announced that the United Kingdom will cap average annual household energy bills at £2,500 (S$4,081) for 2 years starting from Oct 1, in the wake of rising energy prices.
In response to queries from The Business Times, a Sembcorp spokesperson said this latest development in the UK is “significant” amid a number of other challenges including the impact of the ongoing war in Ukraine and recessionary risks.
TRENDING NOW
Analysts raise DBS targets to as high as S$81 after record Q2 net profit
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Malaysia’s Tabung Haji reckoning: The billions lost, the rescue and what comes next
