As The Observer notes this morning:
Thousands of homes could lose their energy supplier in the coming months as a result of a financial shock looming over the industry’s smaller companies.
Suppliers are due to pass on millions of pounds’ worth of renewable energy subsidies, collected via energy bills, to the energy regulator, Ofgem, by the end of the month.
This deadline has in the past proved fatal for financially unstable energy suppliers, and it is feared that a string of collapses may follow in the coming months.
I am sure this is an issue. I am equally sure this is not the energy issue we now need to be worrying about.
It is almost absurd that when we face a global heating crisis what is of concern in the UK energy market is the fate of small companies trying to make a buck out of a failed system of energy privatisation that has very largely led to consumer rip off, limited real energy supply transformation, and a system so lacking in co-ordination that it can be claimed that when these companies fail people are left without energy suppliers when glaringly obviously the supply to their properties still exists.
If we are to get serious about tackling global heating the nineteen-eighties obsession with energy market reforms needs to be replaced with energy policy intended to deliver zero net carbon as the only issue of real priority.
And in the process we should also have single, fair, tariffs for all so that the age of rip-off ends forever.
This is what the Green New Deal requires. And we need it now.