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.
One single price for all electricity taken from the network. So, no cheaper electricity when there’s lots of it about. Meaning no load balancing when the sun shines and the wind blows. We can throw out all those smart meters then, the entire plan to deal with intermittentcy.
Or if that’s not what he means, tariffs allowing for different prices at different times, it’s still remarkable, isn’t it? A supposed economist arguing that competition doesn’t increase efficiency over time….