Express: Energy: UK taxpayers deserve an accounting of Liz Truss’s prize freeze, experts assert.

 

Cambridge Judge Business School is featured in this Express article about the Energy Price Guarantee. It focuses on a new paper by the Energy Policy Research Group at CJBS ( co-authored by Michael Pollitt and David Reiner) which says taxpayers should be given transparency over who is benefitting from the energy cap, and whether these “war-time profits” are stimulating long term investment in the UK energy sector.

The estimated £150billion cost of the two-year policy, the study says, “is a lot of money — and no-one should write a blank cheque for this kind of additional public expenditure. The £150billion will be paid out to electricity and gas companies. Where will this money go and what effect will it have?”

Read the full article