The UK's energy policy over decades (and its reliance on the market) has now bitten us in the backside;

rather than have a strategic view of energy security, our political class have been convinced that markets would offer us energy at all times because it was in the sellers' interest.

The problem with such economic approaches is they assume that our markets relations are somehow inoculated from any wider disruption... it now turns out that this is very much not the case!

#energy #politics

@ChrisMayLA6 It also assumes that the market works towards maximising competition and all that stuff. Whereas it likely works towards maximising cherry picking, short termism, corner cutting, collusion etc.