Kudos to Gordon Brown. The former Labour Prime Minister and Chancellor is at least coming up with bold ideas to tackle soaring energy bills. Unfortunately, his ideas are not new, and they are not good ones either.
Brown’s starting point is that the energy price cap should be ‘suspended’ before the results of the latest review are announced on 26 August, which presumably means that the cap would be frozen at the current level. Ed Davey, speaking for the Liberal Democrats, has also called for the rise in the cap to be scrapped.
This would obviously be popular, but it would still be poor economics. Global energy prices have jumped because supply and demand are out of balance. Market signals need to be allowed to work properly, increasing the incentives for producers to raise output and for consumers to economise, where they can.
Of course, many households are already struggling…
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Utopia, you are standing in it! 
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