Andy Mayer
@mayerandrew.bsky.social
COO & Energy Analyst at the Institute of Economic Affairs.
Views my own
Views my own
Reposted by Andy Mayer
I actually expect it is totally a flier, because if there's one lesson you can take from the energy retail market since privatisation it's that Government is very happy to use it as a vehicle for social policy no matter how much it may distort its actual energy objectives.
So Ofgem wants to look at establishing its own income tax mechanism because energy costs can't go on the government's balance sheet and be recouped in a progressive way through income tax?
Sounds like a flier, lads.
www.theguardian.com/money/2025/a...
Sounds like a flier, lads.
www.theguardian.com/money/2025/a...
Increased bills for higher earners could fund UK energy upgrade, Ofgem says
Regulator to consult industry on how to recover network costs via standing charge in a ‘more progressive’ way
www.theguardian.com
April 16, 2025 at 7:15 AM
I actually expect it is totally a flier, because if there's one lesson you can take from the energy retail market since privatisation it's that Government is very happy to use it as a vehicle for social policy no matter how much it may distort its actual energy objectives.
If the stats are accurate it may require the annual labour taxes of 8 average working people to preserve 1 steel job in Scunthorpe. (thread)
Losses per day £700k or ~£250m per year.
Number of workers ~2,700.
Bailout cost per worker ~£92.5k
Losses per day £700k or ~£250m per year.
Number of workers ~2,700.
Bailout cost per worker ~£92.5k
April 15, 2025 at 10:39 AM
If the stats are accurate it may require the annual labour taxes of 8 average working people to preserve 1 steel job in Scunthorpe. (thread)
Losses per day £700k or ~£250m per year.
Number of workers ~2,700.
Bailout cost per worker ~£92.5k
Losses per day £700k or ~£250m per year.
Number of workers ~2,700.
Bailout cost per worker ~£92.5k
Reposted by Andy Mayer
This is an excellent summary of why bills are the way they are by @guynewey.bsky.social, which also reveals the extent to which any individual within Government can genuinely have the influence anyone outside the walls of Whitehall believes they have.
open.substack.com/pub/guynewey...
open.substack.com/pub/guynewey...
Whose fault is it?
Why are GB electricity prices currently so high compared to other countries?
open.substack.com
April 13, 2025 at 3:25 PM
This is an excellent summary of why bills are the way they are by @guynewey.bsky.social, which also reveals the extent to which any individual within Government can genuinely have the influence anyone outside the walls of Whitehall believes they have.
open.substack.com/pub/guynewey...
open.substack.com/pub/guynewey...