The return of instability: Turmoil in the energy market could hit the least well-off the hardest, says ALEX BRUMMER | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

The return of instability: Turmoil in the energy market could hit the least well-off the hardest, says ALEX BRUMMER

The structure of Britain’s energy market is barmy. In seeking the best of all worlds in the shape of a decarbonised economy, a free and competitive marketplace for gas and electricity and low prices, the UK has created the ultimate instability.

It is not unlike consumer banking in the run-up to the financial crisis, when over-zealous lenders such as Northern Rock invented unsustainable structures to support 110 per cent mortgages.

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