Blackout Britain warns energy chief
Rick Haythornthwaite - the chairman of Centrica (who own British Gas) and possibly owner of a fictional surname - has said that the political debate over energy prices risks "the lights going out" in the whole of Britain and that blackouts were "looming much larger" and no longer the "figment of a scaremonger's imagination".
What's caused this jumpy warning? Well, for a kick off, Ed Miliband has said Labour plans to freeze energy prices if they win the 2015 election and energy secretary Ed Davey has suggested that Centrica should be broken up.
"I think the reputation of Britain as a place in which to invest is under threat and the time to correct that is now, not after the 2015 election, by which time the possibility of the lights going out in Britain will be looming much larger," he said. "And I don't see this as the figment of a scaremonger's imagination. I think right now we've got to restart collaborative, constructive dialogue around these key issues; we cannot afford to wait, hostilities have got to cease."
Sam Laidlaw, another bigwig at Centrica, added: "We firmly believe that any form of price control in a competitive market is not the answer and is not in the best interests of customers, and this has been clearly demonstrated by experience in other markets. Such proposals create both short-term uncertainty for all energy suppliers and longer-term additional costs for customers."
Things are tough at British Gas. They've lost 462,000 customers since 2012, with a whopping 100,000 ditching them in the past two months. Profits are down and the company have been raising tariffs. All the energy companies, currently, look worse than bankers and trust is low.
However, with people like Laidlaw on £5million a year, it seems there'll be little sympathy for political hostilities toward the energy sector, especially if it seems like they're ready to switch the lights off in Britain, in a sulk.