The City has now finally digested Ed Miliband’s energy policy, which could cost the supply companies at least £4.5bn over 2015-17. It is clear that the threat of a price freeze will chill investment in new generating capacity, regardless of what some in Westminster may hope. Equity investors have reacted as they ought to have on day one: they have been selling out of the entire UK gas and electricity sector (and not just supply companies) and switching their money into utilities based in safer countries, --Allister Heath, City A.M., 14 October 2013
