Third, the companies in that market should be nationalised. That’s what should happen for utilities where come what may, whoever you but from, there’s only one wire and one pipe into your house and no real choice at all.
The UK domestic energy market now boasts around 60 different energy suppliers.
Energy Suppliers | UK Energy Providers Directory |
The National Grid is indeed a natural monopoly. Which is why it is a highly regulated company. The wiring into the house, yes, fair enough, only going to be one of those. Well regulated. The production – sorry, movement – of those electrons, the retailing of those electrons, that are the electricity is not a natural monopoly, is not a monopoly and is, in fact, pretty viciously free market. As the repeated bankruptcies of companies that try to undercut market pricing shows.
BTW, how can one opt for a green electricity deal, as you can, if there is no choice?