Britain’s Dumbest Energy Policy – WSJ

The Conservatives in power in Britain have pushed through some terrible energy policies in recent years, but their ceiling on household energy bills deserves a special mention. The system was an economic loser, and now it is becoming a political loser in a way that highlights the dangers of right-wing parties playing socialism lite.

This cap is intended to limit household bills for electricity and natural gas, which most UK homes use for hot water and central heating. It is set twice a year by the industry regulator based on prevailing global energy prices. The last adjustment, which went into effect in April, saw household energy bills rise by about 54%, and October’s increase is likely to be around that size. Britain’s Dumbest Energy Policy – WSJ

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