Re: "there is not enough oil and gas to go around so people are having to outbid"
"France has had to give a *massive* subsidy to EDF in order to keep it from going bankrupt from the price cap.
If you want the government to give the energy companies massive cheques then why not say so?"
That's exactly what they already are doing. Setting a higher price cap and then sending everyone a cheque with which to pay the bill is functionally identical to having a lower cap and giving the subsidy directly to the energy companies. The only difference is that the way they've chosen has a much higher bureaucratic overhead and more opportunity for fraud.
Biting the hand that feeds IT
