On 25/03/2021 18:56, Tim Streater wrote:


Don't be silly. If these middlemen didn't do it, then the actual power
companies would have to do it. As it is, they just sell a few large chunks of
power to the middlemen, who set up tarriffs which they offer to us. The
middlemen also insulate us from risk due to changes in the price *they* have
to pay to get power. It's a form of forward buying, similar to forward selling
by coffee growers or other such producers, but I imagine you don't approve of
that either.


There used to be a company called Enron who did that, and more recently
Greensill.