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How are you not grasping that the retailers are not the ones making profits?
Yeah, I was operating under the assumption the energy cap rises planned for October/January and April were to facilitate the retailers making a profit and that, by removing the profit motif and running energy retail as a public service (in conjunction with sorting out the marginal pricing), you could negate the need for said rises. If that's too simplistic a view of it, then apologies.
Academic now as we have our proposed solution.
ketsbaia
mustardbeak
How are you not grasping that the retailers are not the ones making profits? It is the energy producers - you need to buy them - which I don't think is a thing you can really do. Certainly not quickly - and who knows how many billions it would cost. The retailers that you want to nationalise are on their knees - why do you think so many went bust last year? Some are owned by the big companies making the mega bucks (I got moved to Shell Energy when my supplier went bust) but the 3 billion does not get you Shell - it gets you Shell Energy (retail) - which will be making a loss at the moment.
Sure - decoupling the energy market so that renewables cannot sell their energy at the marginal gas price seems like it makes sense - but that can be done without spaffing 3 billion on loss making admin teams.
What I'm hoping they do is they cap the bills, and decouple the energy market. That way we get the short term reassurance that we're not gonna starve/freeze this winter - while the government get to work on making sure they are not paying more than necessary to cover the bill in the meantime.
Ideally they'd also shut the fuck up about fracking / north sea gas and stick a windfall tax on the fossil fuel producers. Tell them they can apply to have their money back if they use it to finance more renewables. This seems unlikely given Truss's start.