Centrica, the owner of British Gas, is leading the FTSE 100 fallers after a European ruling which could see energy companies face increased competition.
The European parliament has voted to open up energy markets and curb the dominance of the major companies. This could lead to cheaper gas and electricity for consumers, and could also make it even easier to switch suppliers.
So Centrica has lost 12.75p to 233.25p while Scottish and Southern Energy is 9p lower at £10.80.
Overall the market has recovered from its post-budget losses, with the FTSE 100 now 24.39 points higher at 4011.85. Despite some poor figures from Morgan Stanley Wall Street is hovering around last night's closing level.
Retailers are still in demand after a positive note from Citigroup and crowd pleasing results from Game Group, up 23p at 187p, and Carphone Warehouse, 8.75p higher at 136p.
