Breaking up the Big Six will help the UK’s “addiction to old energy” and help ordinary consumers reduce demand.
This is according to ex-Environment Committee MP Alan Simpson who said a radical overhaul of the current system was necessary.
The former MP told ELN: “A lot of our thinking is in an institutional comfort zone that wants to live in the past and the biggest wake up call is to say to Government the future is not going to be an extension of the past- it has to be a radical vision.
“Until we change the nature of the market so that you and I can be beneficiaries as much as consumers, that armlock of a closed cartel that will just want to sell you more at ever-increasing prices is going to be the millstone around the UK’s neck.”
Mr Simpson says there is much to learn from the continent where power companies have less power but can “make money through non-consumption.”
He said: “In Germany they’ve made a commitment that they will reduce energy demand by 50% by 2050 and the way they are doing that is to open up the market and break the cartel.”