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Breakingviews – UK energy’s looming bailout implies a quid pro quo
UK energy companies are pining for a state bailout. With average annual customer bills already 50% above their 2021 level, the likes of EDF and Centrica want politicians to sign off on a support package that could theoretically exceed 100 billion pounds. It’s logical as soaring wholesale prices push bills even higher, but the deal implies a quid pro quo.

Breakingviews – UK energy’s looming bailout implies a quid pro quo

UK energy companies are pining for a state bailout. With average annual customer bills already 50% above their 2021 level, the likes of EDF and Centrica want politicians to sign off on a support package that could theoretically exceed 100 billion pounds. It’s logical as soaring wholesale prices push bills even higher, but the deal implies a quid pro quo.