Ofgem consultation on IOLC - The first one I agree with!
Explanation of the IOLC consultation: https://youtu.be/H6nZBLkr3Wc
Hi everyone,
Hope you're all well and enjoying the cool summer!
As promised, I'm producing videos on more Ofgem consultations now, aiming for a couple a week. I want to ask you all to get involved, this is how we take control of our energy market and stop massive corporations from profiteering from us. These videos aren't riddled with ridiculous jargon, I do all the reading and just explain in normal terms what the problem is and what Ofgem are doing.
In this one, it's ridiculous, over the last few winters power stations have been threatening to turn off almost daily unless they get paid 10-15x more than usual! So, for a change, I agree with what Ofgem are proposing, although I do make them aware that I do not think they go far enough and I think we'll be back next year looking at this problem again as power-stations will be able to get around it.
Anyway, please watch the video, or if you just want to email Ofgem without watching the explanation then you can see my response here:
Thanks everyone, it shouldn't be long until the next video is up, to keep active in the market and help us shape the future of our energy market, please subscribe to the Over50smoney Youtube channel.
Thanks,
Richard Winstone