"We're up in arms," they said.
And indeed they are. If customers give them less money, they'll have less money to invest in… stuff. Stuff like, how to produce cheaper energy, so they can charge customers less money for energy. Probably.
Ofgem, the body that regulates the gas and electricity markets in Great Britain, was recently woken from a nap it took about 20 years ago. They agree with the government and wish they'd thought of it themselves. Unfortunately they'd been very busy these last decades after a long lunch with some energy companies.
It has been suggested that offering customers one price would take the UK back to the days before privatisation in the 90s. Defending privatisation, the government of the time said it had given "power back to the people." And so it has proved. Specifically it's given the power back to the German people and the French people who now supply us with our electricity.
Labour's Caroline Flint has joined in, criticising Ofgem for not getting tough with the energy giants. In fairness to Ofgem they did dish out a number of million pound fines for misleading sales, failure to deal with complaints and leaks. Surely you saw them on your bill?
At least our energy is not controlled by some state-owned monolith, the type of thing so loathed by the free market. Unless you count EDF, of course, which is 85% owned by the government. No, not our government. What are you, a communist? The French Government, of course, hence the name Électricité de France.
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