The U.K. Independence Party, which wants Britain to leave the European Union, hit a polling high as analysis suggested David Cameron’s Conservative Party is headed for third place in European Parliament elections in May.
Scottish independence risks undermining investment in low-carbon energy because the smaller nation wouldn’t be able to afford the same level of subsidies as the U.K., the Department of Energy and Climate Change said.
A decision by the U.K. energy regulator to investigate the utility industry threatens to delay investment in power generation in the next four years, adding to the risk of blackouts around the time of the next election.
SSE Plc will freeze power and gas prices, legally split its retail and wholesale units, and sell assets as the U.K.’s second-largest energy supplier moves to head off government action against the “Big Six” utilities.