MILLIONAIRE philanthropist Matt Stockdale has launched an energy company to slash bills and cut out the middleman.
Not-for-profit At Cost Energy will buy gas and electricity direct from wholesalers and offer savings averaging £320 per year.
Give it a few years, then see what the price difference is.
A non-profit might have lower prices than for profit firms. Or the desire to make profits might lead to greater efficiency, meaning that the for profit firm both makes profits and offers lower prices.
There’s no insistence, in either theory or practice, that it will work one way or the other.
Aren’t we lusky that we live in a country with a market in forms of business organisation like this, that people can experiment and see which works in which industry, at which time, and with which management?