Do energy companies need some help?

After Ed Miliband set out a policy of a 20 month price freeze for energy, the affected companies reacted as though the apocalypse had started. Missive to the Evening Standard on the topic:

With all the predictability of a foggy Autumn morning, the energy companies are up in arms about Labour’s proposed 20 month price freeze.

We should have some sympathy, after all, they only collectively made over a billion pounds profit last year. They must be on their last legs.

If these monopolies are in that bad a condition that they can’t cope with a price freeze without threatening blackouts, perhaps we can help them with a robust programme of permanent state intervention? If they can’t cope as private companies perhaps nationalisation would help.

What’s that? They might be able to manage? Thought so…

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