Our Pathetic Power Regulator Has Overseen A Total Disaster
That’s quite a record. It is really difficult to think of a more glaring case of complete regulatory failure in modern times than this. The FCA has had some shocks under the dubious guidance of the current Governor of the Bank of England, Andrew Bailey, but the cost of oversight is more difficult to quantify and cases are few. What has happened in the energy market is clear, immediate and widespread – and it has had a very visible impact on consumers in a time of already significant difficulties for so many....