Energy companies hold billions of pounds of money of our money. They are earning profit interest on these holdings.
In the same way that companies can charge interest on outstanding invoices, energy companies should be forced to pay interest on balances on energy accounts (I suggest 5% above BoE base rate)..
Why does this idea matter?
Energy companies are using their power to hold money that doesn't belong to them. Essentially they are getting a free loan to conduct their business.
Forcing energy companies to pay interest on your cash will encourage them to stop trying to fleece their customers.
– More efficient cash holdings
– Better energy companies
– Fairer distribution of power