control: The industry regulator has already cut the returns they are allowed to make to all-time lows, according to The Guardian. An even greater risk looms beyond the next general election, now that Labour has pledged to bring the companies back under public control. The network operators, including National Grid and UK Power Networks, are facing a fierce political skirmish. Critics of the firms argue that the crackdown is an inevitable consequence of the years they have spent inflating household energy bills while siphoning off billions in dividends for their international investment-fund owners. The companies are quick to point out that the prices they levy through energy bills have fallen 17% since the sector was liberalised in the 1990s, while private investment has climbed to about 100bn over the period. They are held up, alongside water companies and rail operators, as evidence of Britain's failed experiment with privatisation.
(news.financializer.com). As
reported in the news.
Tagged under control, risk topics.