What Now For Domestic Energy Markets? - Are We Almost At Nationalisation?

26th November 2021

Richard Murphy at Tax Research UK has tackled the energy question several times recently and in the past. His latest blog is clear as we await further energy firms going under - The energy set up has failed..

The media realised the scale of the costs of the failure of Bulb Energy yesterday when the administrators who have been appointed to run the company were granted a £1.69 billion (£1,690 million) loan by the government to see the company through to the end of April 2022. Depending on the way the administrators' report is read they expect to lose between £500 and more than £1,000 per customer that Bulb has over the next six months, which is a staggering sum.

In all this, the two blogs I had written on Bulb got noticed by journalists, with the accounting analysis attracting special attention. The result was that I ended up on ITN's News at Ten last night, and am discussing two more stories with other journalists.

Read his full blog HERE