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Do they, though? I hear there's this neat thing called "public ownership" that works wonders for basic necessities like utilities. And that way you don't have someone scheming to profit off the things you need to stay alive.
During the Great privatization scam we are promised that the free market would somehow be magically more efficient but it turns out it was a just so they could show profit Hearing in the middle of stuff that had previously been free of it. Worst service and higher prices were universally the result because those profits have to come from somewhere and that'somewhere is you
There are lots of examples of private companies working well as regulated monopolies. The key word is "regulated", though.
I mean, that isn't incompatible with this system at all. Government ownership of the delivery system, which I'd fully agree is a good thing and one of the places where state ownership naturally fits, is still ownership.
The government generally isn't in the energy production business, so either they lock you into a monopoly with an energy producer, or you get to choose one. Either way, it's the same general system.