Centrica and SSE shares drop after Miliband's pledge

Shares in power giants Centrica and Scottish and Southern Energy (SSE) fell shortly after markets opened today in the wake of Ed Miliband's pledge to freeze energy bills.

A general view of overhead power cables from the Dungeness Nuclear Power Station.
Labour leader Ed Miliband has pledged to freeze energy prices until 2017 if he becomes Prime Minister. Credit: Gareth Fuller/PA Archive

Centrica shares dropped 3.7% to £3.82, while Southern Electric and Swalec owner SSE fell 3.2% to £15.30 in a session where the FTSE 100 index opened down 0.2% at 6,561.

Read: Miliband warns energy chiefs


Mandelson attacks energy plan

Lord Mandelson has warned that Ed Miliband's plan to freeze energy bills risks taking Labour "backwards."