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?
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: