This page represents only my own views, and not those of any university or other body.
Posted Wednesday 25th September 2013 at 10.05am
Energy
The argument of the energy companies that their price hikes are necessary for public investment in energy infrastructure, and a price freeze could cause blackouts, must be baloney. If the price hikes are being fed into investment, why have profits risen by 74% since 2009?
The natural answer, rather than a price freeze, would appear to be a profits cap. Any money made beyond £x must be reinvested or returned to the government. Unfortunately there are a million problems with this, all reflecting the fact that energy policy is a public concern and energy companies are private entities.
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