Bulk purchasing fine, but breaking up the Big 6 is the real answer

April 21st, 2012

Ed Miliband’s espousal of bulk purchasing of electricity and gas as a way of bringing down fuel bills is valuable as an urgent relief measure, but it is not the long-term answer.   Banding together to fight market power has always been a good trade union practice, but the real solution lies in restructuring an over-dominant oligopoly.   The Big 6 energy utilities command 99% of the market which gives them far too much control of a crucial market affecting everyday living standards, and that excessive power needs to be tackled at source. (more…)