Why Are The British Paying So Much For Energy?

Early this year, British politicians upset by the UK’s high
electricity prices, commissioned a study, the Cost of Electricity
Review. There is an irony here. High electricity prices are in
large measure the direct result of government energy policy. But
instead of empaneling a politically “safe” and well-vetted
committee of regulators and senior civil servants, they handed the
task to one of the UK’s preeminent energy economists, Dieter Helm.
In reporting back he minced no words. His report’s analyses and
recommendations have implications…

Early this year, British politicians upset by the UK’s high
electricity prices, commissioned a study, the Cost of Electricity
Review. There is an irony here. High electricity prices are in
large measure the direct result of government energy policy. But
instead of empaneling a politically “safe” and well-vetted
committee of regulators and senior civil servants, they handed the
task to one of the UK’s preeminent energy economists, Dieter Helm.
In reporting back he minced no words. His report’s analyses and
recommendations have implications…