21-03-2011, 13:44
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#7
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The Invisible Woman
Cable Forum Team
Join Date: Jun 2003
Location: between Portsmouth and Southampton.
Age: 73
Services: VM XL TV,50 MB VM BB,VM landline, Tivo
Posts: 40,360
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Re: Ofgem to tackle 'complex and unfair energy bills'
Quote:
Originally Posted by Tali
Not many suppliers actually enforce this rule. Nor do you have to wait for one change to complete before initiating the next. Serial changers are more likely to experience difficulties though because of the complicated processes that have been imposed.
So do many other companies. Virgin Media, mobile phone companies, insurance companies, car break down services... The list goes on.
As for profits, all companies have to make a profit. I am told that energy companies profit margin is around 5% and that the profits they make are not excessive when compared to similarly sized companies in other sectors.
In the UK we also have a now aging infrastructure, much of which was installed during the '60s. We want new wind farms, need new power stations, ever more reliable connectrivity, greener energy, smart metering... all of this needs to be paid for.
Maybe we should nationalise the utility companies AND the banks and get one to subsidise the other!
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You haven't addressed the complaint the Ofgen have mentioned about the slow response to reduce prices when fuel prices reduce at wholesale but the utilities are even speedier at raising prices when wholesale goes up..
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Hell is empty and all the devils are here. Shakespeare..
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