"There is a significant risk you could see the market shrink all the way back to five to six companies," Anderson told the Financial Times. Scottish power is owned by IberdrolaAnderson said the regulator Ofgem and the government should look at changing Britain’s price cap earlier than its next scheduled review in April so suppliers can pass on spikes in their costs sooner.
Without government and regulatory intervention, "we are in danger of just sleepwalking into an absolute massacre," Anderson said.Sign up for our newsletter Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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Maybe the Conservatives shouldn't have spent a decade greenwashing and actually work towards making a more self-sufficient energy grid.
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