Apparently the electricity market isn’t operating correctly so consumers pay too much. Like petrol, it seems suppliers have formed unofficial price-fixing cartels. While each operator maintains an acceptable market share and profits are good, they don’t compete hard. The wide price variations seen in clothing or food (two other essentials) don’t occur.
With power the retailer buys from the wholesaler – or generator.More
Norman Shearer (let’s call him Little Norm) says forcing down the generator’s price with state legislation – or price-fixing – will stop the problem of … price-fixing. Why?