Government support included in sale of failed provider to Octopus, which has US links, threatens to distort energy market, court hears.
— Read on www.ft.com/content/055e6875-a9a3-4735-a53a-ad4997f5952a

CarrZee: The determination of the UK government to hand taxpayer money to Octopus is curious, indeed.

Especially at a time when households face massive hikes in costs because of a war that NATO provoked.

Interest-free loans are market distortive after the massive jump in interest rates that are also handing money unnecessarily to banks: Centrica and others, CarrZee

Is it part of a deal to win a post-Brexit trade agreement between the U.K. and the US?

Hey Mathew, we’d love to see prices decreasing soon, but I'm afraid it's not that simple. The wholesale cost is down from 1400% to a still very high 400%. More info here: https://t.co/UWnEEvqgEk and a tweet from our CEO 👇 https://t.co/HTTnhs7pe6

— Octopus Energy (@OctopusEnergy) January 24, 2023

Does the British government have no shame?

Key snips, for convenience:

Natgas futures have plunged (see below). Octopus can hedge risks in the market. Why is this handout needed? Is getting handed a bunch of new customers really such a serious blow?

See this background:

U.K. Financial Conduct Authority Should Investigate Al Gore Over Octopus-Bulb Deal (2)