Turmoil In The British Electricity Industry

Here and here are a couple of articles, from different perspectives, analyzing the decline in profitability in the British electricity industry over the past year. The past year has seen both a regulatory change in Britain and a decline in electricity prices, and several companies are not faring well in this economic environment. The credit crisis in the US has spilled over into this, too; one of the companies having trouble in Britain is TXU, the very beleaguered energy company that has had to sell much of its European capital to repay debt. Ugh.