Energy competition heats up
From our UK edition
Now that ministers are nearing a deal on those green taxes and levies, they are also trying to highlight their efforts to improve the energy market in general. Privately there were a number of Conservative MPs of a similar persuasion to John Major who I spoke to last week who sympathised with the former Prime Minister's windfall tax proposal. They argued that the energy companies are benefitting from a broken market, and this tax would simply be a tax on the extra benefits of that broken market. But Greg Barker this morning argued that it would damage investment.