‘China’s overcapacity distorts global prices and production patterns and hurts American firms and workers, as well as firms and workers around the world.’
The energy regulator has launched a consultation on the future of price caps, including a ’more dynamic cap' dependent on the time of day people use energy.
The issue has taken on global interest after an Australian entrepreneur was ‘fact-checked’ by the public broadcaster for his support of nuclear energy.
‘[We] need to be focused on unleashing our energy potential, not taxing it. Doing so would create thousands of good jobs and keep our power grid secure.’