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Privatisation of energy risks lights going out this winter

The effects of the UK privatised energy system are now becoming clear, not only in cartelised pricing and poor service , but also, critically, in loss of energy security.   As a result of the latter there are real risks of blackouts this winter.   Because of the Big Six privatised companies’ failure to invest on a scale that matched the performance of the industry when in public ownership, the UK’s spare electricity generating capacity has tumbled from 17% three years ago to just 4% now as winter approaches.   As a result the government has been forced to take emergency measures over the next 3 years to try to keep the lights on during the winter months.   They plan to keep three power stations on standby and are actually proposing to pay businesses to use less electricity.   In other words taxpayers not only have to put up with rocketing energy prices to fund unprecedented dividends to shareholders and bonuses for top executives, but now have to subsidise the companies’reluctance to invest in ordedr to keep the lights on.
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