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Showing posts with the label Ofgem

The great British energy rip-off

http://www.independent.co.uk/news/uk/politics/ios-investigation-the-great-british-energy-ripoff-8219565.html The main "players"   Three decades after privatisation, monopoly power is still king Confirming what many of us have been arguing for years. The question is "What do government, and the next government, who ever that may be, intend to do about it?" There is no indication that any of the parties have the inclination to produce effective measures to produce a solution, or the  political will to take on the energy cartels. In my view, the answer is as plain as the nose on your face.Take the energy companies, both the suppliers and the wholesale producers into public ownership.

Never ending energy price hikes.

  http://www.guardian.co.uk/money/2012/oct/12/npower-british-gas-raise-prices  Protests as two energy suppliers announce price increases – of up to 9% – on same day Heat or eat? The greedy parasitic energy companies are falling over themselves to hike their prices again and rip of the long suffering consumers. We were sold the lie that "Privatisation increases efficiency and drives down prices" when this lot of thieves were given cash generating machine of providing us with gas and electricity back in the 80's. There is no evidence since then of prices being forced down. Quite the opposite in fact. Since these money grabbing tyrant took over the supply of our energy, there has be a relentless upwards movement of the prices, sometimes twice per year, as greed became the driving force. There is no point in relying on the "Watch dogs" as they are toothless puppies with lots of words, but no action.The privatised companies have demonstrated a complete dis...

EDF to pay £50 to some households conned in cold-call scandal

  Energy-giant-EDF-admits-doorstep-selling-hit-record-4-5m-penalty.html This could only happen in "Rip Off" Britain. With stunning arrogance, a foreign owned privatised company, raking in millions of £'s in profits condescends to pay £50 to some of its customers as "compensation". Some, mind you, not all. A patronising insult to those who receive this "hand out" as well as those who do not. Moreover, who does Ofgem and Energy Secretary Ed Davey think will ultimately pay for this compensation? As usual, there will be an element of recovery of this cost in the next round of price increases and the consumer will pay the price. No matter what lip service Ofgem and the Government may give to beefing up the regulatory powers, the fact remains that this, and the other power suppliers are private companies and are second only to the Banks in the way in which their customers are treated in their greed driven quest for bigger and bigger profits.