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UK govt looks to shield companies from energy market reform costs

Reuters  |  LONDON 

By Susanna TwidaleLONDON (Reuters) - Britain is considering plans to protect energy-intensive industry from higher power costs as a result of planned electricity market reforms, a move which could lead to higher costs for households, documents published on Thursday showed.The documents come just two days after opposition leader Ed Miliband reiterated a pledge to force power companies to freeze prices for 20 months if his Labour party wins a general election due in May next year.In a consultation, Britain's Department of Energy and Climate Change (DECC) on Thursday proposed offering high ...

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First Published: Thu, September 25 2014. 20:34 IST