Draft legislation designed to lower the cost of energy bills has been published by the government.
Not sure what I think about energy price caps or this specific legislation.
Supposedly, the supply of energy was privatised, but the energy companies still receive state subsidies. Then there's the matter that many of these companies are owned by foreign state owned companies. Mix into the pie the issue of competition, or lack of. Yes, you can be billed by a whole range of different companies, but you only have one electricity wire going into your home and the company that sends the electricity down that wire is a localised monopoly, plus the national grid is another monopoly.
Rather than price caps, wouldn't a proper privatised system be the better option?