Former UK PM Calls For Energy Utility Nationalization ...Middle East

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Former UK PM Calls For Energy Utility Nationalization
source : OILPRICE ( Middle East ) () 38
A former British Prime Minister has called for the nationalization of energy utilities that cannot offer their customers lower electricity prices. In an op-ed for The Guardian, Gordon Brown wrote that the energy cap on electricity bills needs to be removed before it is updated later this month, and energy firms’ “windfall profits and bonuses have to be properly taxed now before the money flees the country.” The “government should pause any further increase in the cap; assess the actual costs of the energy supplies being…

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