The regulator’s told National Grid they can’t pass the cost of upgrading their network to consumers. Their outraged spokesperson was interviewed last week. ‘How are we expected to stop the wiring from rotting if we can’t afford to replace it?’, she said. ‘How can you afford to pay 9% dividends to investors and then plead poverty’, was the retort. Thing is, a privatised monopoly only works if it’s properly regulated. Otherwise it’s just a licence to print money for the bosses and shareholders, with the poor punters trying to heat their houses at the bottom of the food chain. Stick your guns, Ofgem.
“Amazon invades financial services with home insurance launch”
Amazon, like Musk, and Branson before them both, can afford to try lots of stuff and fail at some.
