What happened to Scotland's state-run energy company?

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In 2017 the Scottish government pledged to set up a not-for-profit energy company by 2021, so what happened?

As many customers face uncertainty over their household energy bills, we take a look at why plans for a state-owned energy company in Scotland fell by the wayside.

She said the company would not pay shareholders or corporate bonuses and that its only job would be to secure the lowest price for consumers At the time, energy market firm Schneider Electric told the BBC that independent suppliers had reduced the dominance of the Big Six suppliers but they could not always beat them on price because of the way the wholesale market worked.They said independent suppliers did well when the wholesale market fell because they were tracking the market more closely and their tariffs were more responsive - but the flip side was that when wholesale markets rose they did less well and had to increase prices.

 

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Source: The Telegraph - 🏆 41. / 63 Read more »