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Highlights
- State-backed loans will be provided to the sectors hit by energy crisis.
- The new rescue plan will help hard-hit industries to avoid shutting down in winter and help save jobs.
- Energy price cap will be kept in place to protect household amid the ongoing energy crisis.
Amid soaring energy prices and supply chain disruptions, UK PM Boris Johnson has come forward and declared that he would provide loan to the hard-hit industries. A formal bid has been submitted by Secretary of State for Business, Energy, and Industrial Strategy Kwasi Kwarteng requesting the UK Treasury for its support as the fears due to rising energy costs are leading to more and more businesses shutting down.
The PM-backed multi-million-pound series of state loans will help the threatened companies to prevent themselves from shutting down in the coming winter, which will in turn save thousands of jobs and stop the economy from crumbling.
The business secretary has promised to protect the households from rising costs by maintaining the energy price cap.
ALSO READ: Climate Meet Before COP26: 5 FTSE Green Energy Stocks To Buy
Let’s take a look at some of the LSE-listed energy stocks that you can invest in.
Royal Dutch Shell Plc (LON:RDSA)
Royal Dutch Shell Plc, generally called as Shell, is one of the largest companies listed on the LSE. The FTSE100-listed company gave a return of .75% in 1 year, with YTD returns standing at 38.16%. The previous close price of Royal Dutch Shell Plc’s shares was GBX £1,740.00 as on 11 October 2021.
TotalEnergies SE (LON:TTE)
TotalEnergies SE is a global oil and gas company based in France. Its current market capitalisation stands at £95,126.38 million, and it has given a return of 50.78% in 1 year. Its YTD returns stand at 24.80%. The previous close price of TotalEnergies SE’s shares was GBX 44.20 as on 11 October 2021.
ALSO READ: Top Global Solar Energy Stocks To Watch
BP plc (LON: BP)
London-headquartered BP plc’s current market capitalisation stands at £70,745.06 million. It has given a return of 62.22%% in 1 year. Its YTD returns stand at 41.41%. The previous close price of BP plc’s shares was GBX 360.30 as on 11 October 2021.
Ceres Power Holdings plc (LON: CWR)
Ceres Power Holdings plc’s main focus is to provide clean energy solutions in a bid to tackle climate change and related problems. Its current market capitalisation stands at £1,852.32 million. It has given a return of 40.86% in 1 year. The previous close price of Ceres Power Holdings plc’s shares was GBX 986.00 as on 11 October 2021.
Energean PLC (LON: ENOG)
Energean PLC is a UK-based global hydrocarbon exploration and production, which is part of FTSE 250 and the Tel Aviv Stock Exchange. Its current market capitalisation stands at £1,605.53 million. It has given a return of 57.56% in 1 year. The previous close price of Energean PLC’s shares was GBX 986.00 as on 11 October 2021.
ALSO READ: How UK energy crisis is linked to the bond market
