Monday 23 March 2009

UNFAIR ENERGY BILL PLANNED

Energy companies will be banned from charging "unjustified" prices under new rules proposed by the regulator Ofgem. BBC NEWS

Prices, including those for pre-payment meters, will have to be "objectively" justifiable under new conditions.

Ofgem started the investigation in February 2008 after all the leading suppliers imposed big price rises.

It has been looking for evidence of collusion among suppliers and to see if the wholesale markets in which gas and electricity are traded are working.


Ofgem announced last year that it would be conducting a quarterly review of the link between wholesale prices and domestic bills.

It concluded earlier this month there was no evidence of collusion between suppliers in setting prices.

Ofgem also stressed that there was no evidence that suppliers passed on increasing wholesale costs to customers, but then failed to drop prices when costs fell.

This month, energy supplier Npower is to cut electricity prices for UK households, the last of the "big six" energy companies to announce a reduction in either gas or electricity bills for customers this year.


And about bloody time too.


“God made the world round so we would never be able to see too far down the road.” Isak Dinesen


Angus

Angus Dei on all and sundry

NHS Behind the headlines

NHS-THE OTHER SIDE

No comments: