Read on Twitter
1/4 J. Brearley ( @ofgem CEO): ‘Now more than ever, the bargain that we strike on behalf of consumers needs to be fair in the eyes of the public.’ - Is that really the best measurement of success of an intricate energy policy? https://www.ofgem.gov.uk/news-blog/our-blog/energy-firms-need-take-public-them-build-greener-future
2/4 ‘The proposed price control settlement...will go out to public consultation before we make the final decision in December. This time we must get it right.’ - Is this acknowledging that price controls have not worked particularly well in the past?
3/4 ‘Investment in a green future is vital and there must be incentives to do so.’ - Price controls might make it difficult to attract investment though.
4/4 Our research shows reducing consumer bills needs to take into account the nature of long-term contractual relationships. Regulation of all aspects can have a detrimental impact on the market overall. https://link.springer.com/article/10.1007/s10603-019-09417-0 @ExeterLawSchool @UniofExeter
