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…

About Paul Harper
These posts represent the collected thought of Paul Harper. Usually rants, occasionally lucid, always easily ignored. Read, don't read, your call!

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