Question Time

Wednesday 23rd November 2022

Theatre :  Energy & Carbon Management Strategy  Keynotes  Public Sector 

t1

The Government has now clearly moved to nationalising the energy retail sector, through managing Bulb, via OFGEM special measures.

Bulb was an excellent, well run company that was destroyed by the ill thought out price cap, imposed by OFGEM, to meet the Government’s political objectives of cheap energy, regardless of underlying costs. The failure to find another retailer to take on Bulb’s customers, which would have happened in seconds, in a healthy market, indicates that it is probable the large retailers are in serious trouble themselves.

How long before a large portion of the retail sector is run via Ofgem and therefore in effect in the hands of the public sector?

Lord Larry WhittyLord Larry Whitty Member of the Advisory Committee on Business Appointments
Labour
Lord Rupert RedesdaleLord Rupert Redesdale Chair
EMEX Conference

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