Unit 3: Price capping and the energy market - does it work?

Thanks to Geoff Riley from tutor2u for this piece, great analysis and evaluation points for any question on regulation.

Ed Miliband’s promise at the Labour Party conference to cap energy prices for 20 months if Labour were to win the next election, has raised many questions about what we pay for domestic energy, how it compares with other countries, and what the energy companies do with their profits. 

Pondering those points has led me to an over-riding question, which is whether the price paid by consumers is really the most important issue for government intervention in the energy market.

econoMAX - Energy price capping – does it address the right problem? from tutor2u