The £40bn ($43bn) plan announced in the early days of Liz Truss’ government to support energy traders remains a black box. Who benefits, at what price and under what conditions is a mystery that the Treasury and the Bank of England have not yet explained – with three weeks until the official launch of the fund. The Energy Markets Finance Scheme is not getting much attention as it has been overshadowed by energy bailouts for households and businesses which could cost up to £160billion over the next two years. It’s also far more technical than the easy-to-understand freeze of energy bills for families, further discouraging attention. But it deserves careful consideration. Done right, it’s the right policy and can end up costing a fraction of the overall £40billion. But if implemented poorly, it could end up funneling billions of taxpayers’ money to speculators.