A Department for Energy Security and Net Zero spokesperson said: “Upgrading our gas and electricity networks after years of underinvestment…” (https://www.bbc.co.uk/news/articles/cp84yymxpjno)
WHY, FFS!?
Where have all the profits from our bills of previous years gone?
(90% overseas, if you are interested).
If these utilities were state-owned, this situation would be used as the reason to sell them off, as it was at the time. Remember how privatisation was delivered on a promise that it would bring investment, freed from the constraints of state ownership, if you are old enough.
Surely, in similar vein, agreed failure to invest effectively for years is a reason to take them into state ownership. And then the large profits the owners have been making could be felt by the UK public.
