Friday 24 January 2014

Are we being overcharged by up to £4bn? OFGEM, the energy regulator, says they have no idea

But Chris, KJ and Fee think they do...
SOURCE TELEGRAPH: Energy costs 'deliberately inflated' by £150 per householdThe so-called Big Six, British Gas, SSE, E.ON, EDF, npower, and Scottish Power, paid £4bn more for power than market rate, according to shadow energy secretary Caroline Flint. She accused the companies of paying over the odds to increase profits in other divisions of their companies or doing deals that were bad for customers. She added: "The time has come for a complete overhaul of our energy market. Labour will break up the big energy companies, put an end to the secret deals and force them to do all of their trading on the open market." Energy UK, which represents the big six suppliers, disputed the figures.

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