Energy firms using £40bn loan scheme barred from issuing dividends
The Treasury and the Bank of England have launched the £40 billion Energy Markets Financing Scheme, which was announced by the government in September and is intended to provide liquidity to energy companies facing large margin calls on their hedging activity as a result of volatility in wholesale markets. The terms and conditions include minimum thresholds for company size and credit ratings, a bar on the payment of dividends and bonuses, and a requirement for firms to submit their plans for transitioning to net zero.
Standard content for Members only
To continue reading this article, please log into your Utility Week Account or subscribe nowAlready registered?
Log in
Check to see if your company has a corporate membership here, to activate your account you’ll need to use your corporate email address and complete this registration form.
To discuss further options, call us on 01342 332057 or request a call back.
