Posted by Jake on Wednesday, November 14, 2012 with 2 comments | Labels: Cameron, energy, Inflation, OFGEM, regulation
Cameron grills his Energy Secretary, Ed Davey...
Energy price manipulation 'could account for at least 50% of bill rises'
Since whistleblower Seth Freedman's allegations that the wholesale price has been manipulated, energy price comparison experts believe this could have an impact on the amount consumers and businesses pay for their power supply. GUARDIAN
They do it because they can and will until they are penalised. Many consumers have to suffer as a result of the price hikes and it is usually the poor that suffer the most.
ReplyDeleteThe only thing that one can do it to search for the cheapest energy provider in the area to transfer to and save money.
In the meanwhile lets hope the government also imposes a stiff penalty on those involved.
The Guardian reports: "Gas market whistleblower sacked after accusing firms of price fixing ICIS Heren dismisses Seth Freedman, whose concerns over market movements triggered FSA and Ofgem investigations"
ReplyDeletehttp://www.guardian.co.uk/business/2013/jan/18/gas-market-whistleblower-sacked