Fuelling fears over high energy costs Energy prices are rising faster here than anywhere in Europe, MPs were warned. 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."
Energy prices are rising faster here than anywhere in Europe, MPs were warned.
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."
What's funny here is that if you had perfect competition, prices should be identical between all suppliers (in theory). In the long run, we're all dead. John Maynard Keynes
Forward comrades into the glorious free-market dawn of the ever-generous capitalist revolution!
I'm not even sure if this is irony any more.
England Prevails. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
They see a problem created by policy and instead recommened MORE of the same to solve it. Its like using petrol to put out a fire!
Of course, the definition of madness is doing the same thing over and over again and expecting a different result.
It's the reason why the Labour party will get its backside kicked in the Crewe By-election tonight and will lose the next election, the irony being that the alternative is genuinely worse. keep to the Fen Causeway
I dont understand the thinking of British policy makers.
Thinking?
