ED Miliband is an outstanding orator but his commitment to energy price controls is totally misguided and will only result in a dislocation of the energy market.
By suppressing energy prices below market levels, energy demand will rise while, simultaneously, investment in exploration and development will decline as the incentives are reduced for the energy entrepreneurs.
Fossil fuels are a finite resource and the only sustainable policy to reduce prices is to increase our energy supply i.e. without causing pollution and environmental disaster.
Price controls create an artificial market where the scarcity of fossil fuels will no longer be respected.
IAN ROBLIN
South Rise
Llanishen
Cardiff
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