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Editorial: The energy cap can't go right now - but markets are the answer

4 1 0
21.09.2021

It is not, perhaps, the best time to argue for free markets and open competition in the energy market.

Analysts are anticipating that the increase in the wholesale price of natural gas will see a host of firms wiped out; their economics are simply unworkable. The only thing protecting consumers from spiralling energy prices, then, is the so-called energy cap.

It’s that same energy cap, of course, that is turning the lights out on those same firms. In a normal market economy, the firms would pass on the rise in wholesale prices downstream........

© City A.M.


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