Tag Archives: nationalisation

UK Regulator Says Free Market Has Failed And The Lights Will Go Out

UK Regulator Says Free Market Has Failed And The Lights Will Go Out

Posted on 05. Feb, 2010 by Ross.

0

UK energy market regulator Ofgem, once the strongest proponent of applying free market economics to energy companies, has waved a white flag and acknowledged that the system is failing the country, and that UK energy prices will go up by 20%.
In an amazing about-turn, Ofgem is now recommending a new part-nationalisation of the energy markets [...]

Continue Reading