
Continuing from last week's post on energy bill rip-offs, according to the International Energy Agency, Britain is 68.7% self-sufficient in Natural Gas. And yet hikes in our gas and electricity bills over the last few years outstrip those in countries with virtually no reserves. Why is that?In its Retail Market Review of March 2011, OFGEM observed that the suppliers’ behaviour continued to deteriorate when it came to pricing:Ofgem, like a disappointed but indulgent primary school teacher, gently reproves the utilities with words such as“It...