Suddenly I don't want to go to work

Just-Legal

Goth Flufflet
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http://news.bbc.co.uk/1/hi/business/7210354.stm

Energy price rises 'unjustified'
Gas hob
Three of the UK's "big six" energy firms have put up prices
Recent price rises by gas and electricity firms are not justified and the Competition Commission should investigate, a watchdog has said.

Three energy companies have raised their prices by an average of 15%, affecting 27 million consumers.

They blame soaring wholesale energy prices but Energywatch says the market is not competitive enough and consumers are paying over the odds.

But regulator Ofgem insists that the UK energy market is competitive.

Transparency

Energywatch says it is impossible to calculate how much excess profit energy suppliers are making because they are not transparent about what they pay.

The UK market is dominated by six providers - Npower, EDF and British Gas are the companies which have recently raised their prices and rivals are expected to follow suit in coming weeks.

British Gas, the UK's biggest power provider, announced that it would increase the amount it charges for gas and electricity by 15%.

The move followed increases by Npower, which raised its electricity prices by 12.7% and gas by 17.2%, and EDF Energy, which put up its electricity tariffs by 7.9% and gas bills by 12.9%.

The National Consumer Council warned last year that the government's target to end fuel poverty amongst vulnerable consumers by 2010 may be missed.

The NCC said unless energy suppliers were forced to reduce prices for low income consumers then fuel poverty numbers would not fall.

I'm getting enough crap over price rises as it is. And some of the stuff they're coming out with at the moment is just bullshit - we dropped our prices TWICE last year but no one mentions that.

*sigh*
 
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