Skip to main content

Free Markets and Energy Supplies (The Weather Again)

The government are now facing the consequences of a total free market in Energy. The difficulty lies in moving from a buyers market to a sellers market. Those people lucky enough to have stocks of fossil fuels make large sums of money through serendipity rather than inventiveness.

I will be waiting to see the Winter Outlook reports before coming to any conclusions as to what might happen this winter. If, however, the weather is as cool compared to normal as it has been in August then we are likely to face supply challenges. However, recent winters have been quite warm so it may not be any difficulty.

Comments

Tristan said…
I don't see any free market in energy.
The energy sector is chock full of government intervention and threat of government intervention.

This is not a free market. Its what the Tories might call a free market as part of their co-option of liberal terms, but in no way is it free, its simply a little freer than the previous market in ways which still bias things.

Popular posts from this blog

Standards Board and Ken Livingstone

The link is to the case where Ken Livingstone appealed the decision of the Adjudication Panel for England. The Standards Board and associated Adjudication Panel have done a lot of damage to democracy in the UK. The courts are, however, bringing them into more sanity. The point about Ken Livingstone's case is that it was high profile and he also could afford to appeal. The Standard Board has a problem in that those subject to its enquiries face substantial costs that they cannot claim back. This is an issue that needs further work. In essence the Judge found that what he said brought him into disrepute, but not the office of Mayor. We do need the machinery of the SBE and APE to concentrate on things that matter rather than people being rude to each other.