Stephan Wulf
Stephan Wulf
framework political utility
In the utility sector, the political and regulatory framework is very important.
advantage bonds interest rates rather
Utilities are always rather dependant on interest-rate developments as a proxy to bonds. Had interest rates increased, then bonds would have become more attractive. As it is, the competitive advantage of utilities has remained.
dependent rather
Utilities are always rather dependent on interest-rate developments as a proxy to bonds.