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Old 28-10-2013, 12:25   #173
Damien
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Re: [MERGED] Utility companies - price rises

http://www.telegraph.co.uk/finance/p...nto-doubt.html

Quote:
Wholesale prices only went up by 1.7% However, data from Ofgem, the energy regulator, suggests that wholesale prices rose by only 1.7 per cent over the last year.

According to the analysis, the element of the average energy bill due to wholesale prices would only have gone up from £600 to £610.

However, Ofgem estimates that the energy companies’ average net profit margin has more that doubled over the past year from £45 a household to £95.
Maybe it was just simple profiteering....
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