When Mrs Thatcher de-nationalised the electricity and gas suppliers she did so in the hope that energy prices would fall with competition and that the energy companies would be slimmer, trimmer and provide a more efficient service to their customers. Most of the public’s minds were fixed upon the short term effect of denationalisation of the utilities. Many people bought shares in the companies that were being denationalised and sold them fairly rapidly after having bought them at a risk free and in most cases tax free profit. That short term profit mattered much more to people in the 1980s than where energy would be twenty five or thirty years later. (more…)
Filed under: climate change, electricity, energy, gas, global warming | Tagged: big six energy companies, energy tariffs, ofgem. energy prices, pprice comparisons | 1 Comment »
