Ofgem: UK cannot trust energy companies to keep the lights on | Business | The Guardian .
Thatcher created privatised markets controlled by regulator as her way of maintaining central control whilst selling off the UK's assets all in the name of dogma. And now a regulator bites back:
Gas and electricity could be sold to consumers via a state-controlled body under radical reforms, proposed by the regulator Ofgem, which acknowledge that the decade-old free market approach to energy is no longer working
Another nail in Tory economic policies.
Question is - are there any left?
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“decade old”…..that’s 2000.
Tory? Maggie Thatcher?
@Tim Worstall
“The UK gas market was privatised in 1986 … in April 2000, all domestic customers were free to choose their gas supplier.”
“The UK electricity industry was privatised in 1989, and the domestic electricity market was fully opened up to competition some 10 years later in 1999.”
From fuel-savings.co.uk
@(Layman) Mike
Nothing to do with Thatcher then Tim, eh?
Having a problem with your memory today
Or is nit picking your only form of attack?
Richard,
Why did Labour allow these policies to go forward after they entered into office? Why there was no reversal of policy course?
Prepared for a blindingly nuanced answer here.
Georges
@Georges
Complete error of judgement by New Labour
Richard,
If there is beef, shouldn’t TR-UK be railing against Labour for shoddy implementation?
Georges
If “complete error of judgement” is not criticism – what is
Try arguing
Try reason
But stop time wasting