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I caught a glimpse of this on Sky News two days ago:

Mirror.co.uk: Fuelling fears over high energy costs

Customer champion Energywatch blamed rocketing bills on lack of competition - 10 years ago there were 20 energy firms vying for business, now there are just six.

Energywatch chief Allan Asher told the Commons Business and Enterprise Committee: "There is a myth about vigorous price competition between suppliers.

"For the product they most actively sell - direct debit for 'dual fuel' gas and electricity - the price difference between the cheapest and the most expensive is about £30 a year, a few pence a week."

At least MurdochTV left the viewer with the soundbite that the UK was no longer energy self-sufficient having gone from an exporter to an importer as a result of reduced production from the North Sea.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Migeru (migeru at eurotrib dot com) on Thu May 22nd, 2008 at 08:02:57 AM EST
[ Parent ]
Migeru:

There is a myth about vigorous price competition between suppliers.

Translation -> "You've been screwed."

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu May 22nd, 2008 at 08:23:46 AM EST
[ Parent ]

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