This suspension has been a genuine Rorschach test for commentators online. There really is something in it for everyone - unreliable coal generators, the startling reality that we don’t have enough storage to live without those coal generators, inflation issues, potentially poor market design, privatisation in the first place… whatever you want to see to file your particular newspaper column is there!
These regulated markets are a scam. Eventually, you will only be able to pay for energy with cryptocurrency, likely Bitcoin, using peer to peer market places.
These markets will be unsuspendable/unstoppable and lots of people will get rekt while seeking yield through leverage.
Lol not if we re-nationalise the assets first! What's failed here is putting base infrastructure in the hands of capitalism. Remember kids, shareholder profit + cost will never be equal to or less than cost itself. Anyone trying to sell you the idea capitalism and a free market will do it better is just blatantly lying.
Capitalism collared by well-reasoned regulation is an extremely powerful combination, but that's not what we have. Utility markets have a built-in safety net for the parties involved that dampens the good parts of capitalism (efficient, innovative services at the lowest possible cost) tremendously. I have a lot of experience in the public & private (really pseudo-public) utility world and a lot of experience out in private industry it's a huge difference.