Energy Firms and the Conservative Government: Centrica The First to Raise Its Head Above The Parapet
Today’s post focuses upon the battle between the leading energy firms in the U.K. and the Conservative Government who, in a move designed to show the Government’s focus upon the ‘ shared society ’, recently announced that, if successful in the upcoming general election, the party would establish price controls upon energy bills . For this post the focus will be on the details of the Conservative Party’s plans (which admittedly are not detailed at this stage) and what it may mean in the grander scheme of things: if the Tories deliver on the pledge it will signal a remarkable turnaround in approach, and if they do not (or if they dilute the effect) the result will be a clearer indication – if that is even necessary – that the notion of the ‘shared society’ is nothing more than a soundbite. In the run up to the general election in 2015, then Labour leader Ed Miliband announced a ‘ freeze ’ on energy bills, if he were to be elected, that would last for two years whilst the sector wa...