'Extraordinary stuff" was the reported comment of one Whitehall insider about Energy Secretary Attention has centred on
This is far from the first investigation of profit margins in the energy industry, yet consumers still feel the wool is being pulled over their eyes. Every attempt to provide the transparency and clarity customers want has seemed doomed to be frustrated as the big six companies ignore exhortations for restraint from politicians and announce growing profits hand-in-hand with inflation-busting price rises. The timing and relative uniformity of these rises has tended to make a mockery of claims the industry's structure does not operate like a cartel.
Few customers feel they benefit from any real competition in the sector. Recent figures show that
However, there is genuine concern that Ofgem has been so slow to react; hence
Labour's spokesman on energy and climate change,
The Minister's intervention is not a sign of confidence from the Government. It betrays a lack of confidence that this is a truly competitive market. Ministers seem to lack faith in the regulator. More than anything, it shows that the Coalition Government is still concerned about Labour's price-freeze pledge, and the traction
'Extraordinary stuff" was the reported comment of one Whitehall insider about Energy Secretary
Attention has centred on