\’Ruthless\’ power chiefs should not use the cold snap and shortage of gas reserves as an excuse to increase fuel bills, the Energy Minister warned last night.
John Hayes has told power firms he will not allow them to argue they need to increase prices as a result of obtaining extra gas supplies at short notice.
In an attempt to calm fears of gas rationing, he said last night: \’There is no need to panic; the lights will not go out on my watch.
When things are in short supply and high demand then the price does have to go up. It is this which increases supply and reduces demand. Insisting that, in a market system, you will not allow the market to work is just a great way to make sure the lights do go out.
Yes, I know, there is no intelligence test to become a politician. But do we really have to have out and out morons doing the job?