Quote:
Originally Posted by Mr K
It's disgraceful behaviour. They are playing on people panicking, and thinking that a fixed deal must be a good deal.
Seeing a similar thing with petrol and hiking prices to make a massive profit.
The private sector at work....
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I’m loathed to say it but to be honest you can’t blame the companies. They’ve been sold a pup that they’re the private sector causing efficiencies where previously a state monopoly existing was allegedly grossly inefficient.
In fabricating the existence of a market where none exists they got themselves into a stable industry, guaranteed customer base. As there’s no genuine competition to drive down prices, or real motivation for efficiencies (there’s only playing around the edges with special offers here and there). Decades of profits to be had.
The the rug gets pulled from under them. They’re not going to take the flack - they’re only the middleman between between the bank chasing them for loans they used to buy energy last year and you paying them today. Once they’ve extracted all the money in the middle between their debtors and creditors to shareholders there is only collapsing left to do. There’s nobody to carry the can it’s all gone.