Quote:
Originally Posted by RichardCoulter
What a silly suggestion. If it worked like this, none of the new start ups would succeed in gaining customers and would inevitably fail- thus reducing competition and allowing the big firms to have sole control the market.
Allowing new start ups to enter the market was one of the reasons why Thatchers Government believed that privatisation would reduce costs for consumers.
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They may have got customers who are willing to take the risk and pay less for their fuel. The risk is that you could face much bigger increases if things don't work out.
Companies could have offered a higher rate but will some sort of guarantee to buffer future rises and protect against the company folding.
If you choose to take the risk you need to be willing to face the risks too. Same with any other purchase. You can buy top end stuff knowing you will get support and good goods, or take a risk with some cheap label sticker in China from a market stall in cash. You may be OK with the cheap version, it may all be fine but you don't know and if it fails you will be out of pocket.