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

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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........

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