Persuading larger companies to take on customers could quickly become expensive
Competition will survive in the retail energy market and there will be no return to the “cosy oligopoly” of the past, said Kwasi Kwarteng, attempting to take the long view of the current gas crisis.
Fair enough, but the business secretary rather ignored two points. First, if mass failures of small suppliers beckon, the cost of persuading larger companies to take on customers could quickly become very large.