Soviet-style planning in the energy sector has failed

Mark Littlewood is quoted in the Telegraph

The Telegraph reports on research by the IEA which shows that the UK energy markets have deteriorated from being “highly competitive” just a decade ago because of state interventions.

Mark Littlewood, director general at the IEA, said: “For too long consumers have been ripped off because of government interference in energy markets. Politicians need to realise that more controls are not the answer to energy companies not behaving in a manner they see fit. Proper privatisation and a return of market forces are the best ways to ensure both security of supply and the lowest possible prices for consumers.”

You can read the full article here.