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Energy firms set to take a hit after UK elections

It won't matter which party wins on May 7, though the shape of the next government will determine the industry's biggest losers

Published Tue, May 5, 2015 · 09:50 PM
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POWER companies are bracing for a hit in the UK no matter who wins the general election on May 7, though the shape of the next government will determine the biggest losers.

David Cameron plans to end support for onshore wind farms if his Conservative Party is re-elected, while Ed Miliband's Labour opposition would cap retail power prices, split up utilities and change the way the wholesale markets operate.

With polls showing neither of the two winning outright control of Parliament, smaller parties are set to hold sway over what can be implemented.

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