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Originally Posted by martyh
i've no idea ,and i'm as confused as the "energy experts" that where on the radio on friday ,they also have no idea what could justify such a rise so i still think that the energy companies are showing the gov who's the boss
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They rise every year. It's either profiteering, reflecting a genuine increase in operation and investment costs or an increase in wholesale prices, as well as the portion which are Green taxes (which seem to be about 10%). Probably all three. I doubt they did it as a political decision as it doesn't make sense, it only increases the pressure on the Government to act. If they are simply making massive margins then isn't this what competition is meant to solve? Someone could come in and undercut those margins drastically after all...
Wholesale Energy prices do seem to be increasing:
http://www.consumerfocus.org.uk/poli...-retail-prices
It is quite difficult to get a clear idea. For a start we don't know exactly what the energy companies actually pay...