The Energy Security Bill will not lower costs
12 May 2022
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Andy Mayer comments for City AM
Andy Mayer, IEA Energy Analyst, has commented in City AM on the Energy Security Bill announced at the Queen’s Speech, which promises to extend the energy price cap beyond 2023.
“In extending the energy price cap and picking winners in supply the government is committing to higher energy prices for years to come. The cap temporarily suppresses headline prices, but not underlying costs. For that you need competition, not Soviet-style technology targets.”
Read the full article here.
“In extending the energy price cap and picking winners in supply the government is committing to higher energy prices for years to come. The cap temporarily suppresses headline prices, but not underlying costs. For that you need competition, not Soviet-style technology targets.”
Read the full article here.
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