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Energy costs for gas and power in the wholesale markets are much higher for the years to come than they were before the crisis - we’re facing higher bills for years. If this scheme is structured so that, if prices fall quicker than expected, the windfall profits are used to wind up the scheme quicker at less cost to the taxpayer, then I think it would be a good one.
NB the government can borrow cheaper than the private sector, so government funding would make this scheme overall cheaper for taxpayers.
h2o
Grumpy_Git
That's not really a solution, it's profits for the boys.
The banks will make a return on investment based on customer bills and the energy companies can rub their hands at the price cap increase making them mucho money, on customer bills and a tidy loan (paid back with customers money)
Government refusing to increase the cap and nationalise failures is the way to go. If the energy companies want banks to finance them then take a fucking private loan you bastards not a state funded one.