The Public Accounts Committee are currently looking at the effect of infrastructure investment on consumer bills, covering both water and energy. The committee yesterday heard from Dr John McElroy, Director of Policy & Public Affairs, RWE/npower. His contribution was marred by the antics of the chairman, Margaret Hodge who completely dominated proceedings, and whose obsession with the company's tax arrangements suggests that she wants consumers to be paying higher bills not lower ones. When he could get a word in edgeways McElroy had some interesting things to say, not least his certainty that government policy is driving investment to the highest-cost forms of energy and there is absolutely no money to be made in gas generation right now. The political classes are wrecking the energy market good and proper.
Start watching at about 15:02 to avoid the worst of Hodge's grandstanding.
Direct link here.