Brewster's millions
Well-Known Member
- Joined
- 9 Apr 2012
- Messages
- 3,891
Again, more stuff that can’t happen. In fact, you seem to be confusing different elements of the energy market.The gas purchased from global supplies obviously has to purchased at the wholesale price, but if it chose to the government could exercise control over domestic supplies however much we import. They just chose not to and opted to stick with the current pricing model for energy. If they wanted to they could have made some emergency changes to the pricing model but they didn’t want to because they didn’t want to interfere with the private sector that produces and supplies the energy, and instead it was up to the consumer and taxpayer to fill the gap.
The levy you talk about was finally introduced after pressure from the opposition.
You’re effectively advocating the requisitioning of domestic gas production, the imposition of an arbitrary and artificially low wholesale price for this supply and a ban on the export of domestic supplies. These actions would have partially influenced wholesale prices, and not in fact changed the OFGEM pricing model which you’re vaguely referencing, so your argument appears a bit confused here.
Also, on a broader point, the war in Ukraine represents a major supply shock for the energy market which needs to be addressed as a matter of urgency. If the UK government had done what you’re suggesting - and thankfully they didn’t - then how do you think this would have affected the willingness of producers to invest in UK projects versus others around the world, given the risk of further arbitrary interventions in the future? Do you think it would increase or decrease the willingness to invest in UK production, and over time do you think that UK production levels would be boosted or actually reduced?