State intervention in the energy market has caused long-term damage
24 January 2022
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In the Media
Matthew Lesh comments for the Daily Mail
24 January 2022
In the Media
Matthew Lesh writes for The Telegraph
25 January 2022
Economic Theory
Mark Littlewood writes for The Times
Mark Littlewood, IEA Director General, has written his column for The Times on the rising cost of energy and proposes that a “supply-side revolution” is needed to to alleviate the current crisis.
Mark argues that instead of furthering state intervention in the energy market, that government must consider the potential of measures such as fracking for shale gas to reduce costs.
“The energy price cap established in 2019 was the latest iteration of this enthusiasm for state control. A swathe of companies have gone to the wall as a consequence and supply and competition become more constrained as a result.”
“The shale gas revolution in the US has been a big contributor to Americans’ energy bills being about 40 per cent lower than ours. Here, of course, fracking for shale gas is in effect banned and it seems there is no appetite to reverse this decision.”
Read the full article here.
Mark argues that instead of furthering state intervention in the energy market, that government must consider the potential of measures such as fracking for shale gas to reduce costs.
“The energy price cap established in 2019 was the latest iteration of this enthusiasm for state control. A swathe of companies have gone to the wall as a consequence and supply and competition become more constrained as a result.”
“The shale gas revolution in the US has been a big contributor to Americans’ energy bills being about 40 per cent lower than ours. Here, of course, fracking for shale gas is in effect banned and it seems there is no appetite to reverse this decision.”
Read the full article here.
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