By Paul Homewood
h/t Gareth Beer
The Reform Party has published its own plan of how to return some sanity to our energy markets:
It’s easily readable, as it is in slide format.
The first few pages sum up the position at the moment, which we are probably all familiar with. The heart of the plan is below:
I have no idea about the legality or otherwise, but its simplicity stands out.
By forcing all UK energy producers to sell at a fixed price, based on 2021, all the other parts of the jigsaw fall into place. As acknowledged, it still leaves the problem of imported gas, and for that matter electricity. Obviously gas power stations, for example, could not afford to sell electricity at 2021 prices, if they are now paying higher prices for imported gas. This could be resolved though by subsidising such imports.
It is also a much more comprehensive and a cleaner solution than the windfall taxes proposed, which don’t cover all energy producers.
Best of all, this proposal ensures that renewable generators do not get away with fleecing consumers, as they are now.
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August 25, 2022 at 12:29PM