We are all far too used to members of the energy cartel repeatedly raising their domestic customers bills, no doubt to help deliver a healthy profit and a healthy dividend to the shareholders. The latest was Scottish and Southern Energy (21st July) who were the latest gas and electricity supplier to announce a rise in prices.
Their domestic household electricity bills are set to go up by an average increase of 11%, and its household gas bills by an average 18%, from 14th September 2011. British Gas earlier in July also announced that the cost of its electricity and gas will go up from 18th August.
Members of the energy cartel are naturally blaming a 30% increase in wholesale energy prices. Scottish Power which is one of the big six announced price rises in June, with the cost of its gas going up by 19% from the start of next month, and its electricity rising by 10%.
The component parts of the Con Dem Government talked tough before the Westminster general election but just like it New Labour predecessor (in thirteen years of significant majority government) are set to do nothing to investigate or regulate the questionable activities of the energy cartel members.
"We are proud that we took the industry into public ownership. When we come to power, it will be reinstated as a public service for the people of this county and will not run for private profit."
David Cameron, Nick Clegg, nope - Tony Blair (House of Commons 12th December 1988) - and people wonder why we all get cynical?
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