Live, rolling coverage of business, economics and financial markets as chief executives of electricity generators meet UK’s chancellor and business secretary
The bosses of some of the UK’s biggest electricity generators have started a meeting with the chancellor and business secretary who are expected to pressure them to invest in green energy rather than pay-outs for shareholders.
It is understood that attendees of the meeting this morning include Chris O’Shea, the chief executive of British Gas owner Centrica, Keith Anderson, the chief executive of Scottish Power, and Simone Rossi, the boss of EDF in the UK.
Regulatory independence is important, not least because our international standing, and therefore the competitiveness of the UK financial sector which the reforms are aimed at enhancing, depends on it. Anything that would weaken the independence of regulators would undermine the aims of the reforms.
