Scottish Power is, however nicely it is trying to dress it up, insisting that those pesky competitors be forced to go away. Because, obviously, a large incumbent supplier in any market would much prefer there to be less competition.
No, this is what they’re doing:
Energy supplier Scottish Power has hit out at “unsustainable” pricing among smaller rivals and called on regulators to protect payments made by customers in advance.
More than 20 small to mid-sized energy companies have collapsed since September 2018, with several owing millions of pounds to customers for energy not yet delivered, as well as other industry payments.
This is, of course, all dressed up in polite language. Customers who have prepaid need to be protected, Oh Yes. Which, of course they are.
But if those pesky little upstarts are prevented from entering the market then Scottish Power regains its, umm, power over prices. Because that’s what happens in the absence of the irruption of competition.
Most such upstarts – especially into a mature market – fail. In which case their underpricing is a direct transfer of cash from the capitalist funders of that business to the customers of it. Transfers from richer peeps to poorer is not something we are against especially if it’s all voluntary.
Some, some very few, of such upstarts will succeed and this is what puts the downward pressure on the prices that the incumbents can charge. Which is, of course, why Scottish Power is against all this.
Strip this of the language being used and peer down to the message being conveyed. Stop these bastards from interrupting our ability to screw our customers. And, of course, now that we understand the message we can assemble the correct response. Something that will undoubtedly contain an Anglo Saxon Wave or three – but then why wouldn’t we be saying that to the demented porridge wogs anyway?