UK privatised energy market does not work

Posted on

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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