[CANCELLED] Keynote Address by Climate Change Committee’s Chairman Lord Deben
Due to unforseen circumstances, this session had to be cancelled.
Question Time: Should the energy retail sector be nationalised?
Thursday 25th November 2021
Theatre : Energy & Carbon Management Strategy Keynotes Public Sector
t1
12:00 - 12:50 | FREE to attend, register now |Download Show Guide
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?
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