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TOPIC: Energy Costs Rise 9% on average...Wholesale Energy Costs rose by only 1.7%

Energy Costs Rise 9% on average...Wholesale Energy Costs rose by only 1.7% 28 Oct 2013 14:21 #1

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Britain’s biggest electricity providers show remarkable unanimity on what is the main driver of rising energy bills: the increased cost of buying gas and power on the wholesale market.

It was a theme that turned up repeatedly in the statements SSE, Scottish Power, Npower and British Gas issued to explain why they had put up bills by an average of 9.1 per cent before winter.

But outside the big six energy companies, there is far less consensus. Figures from Ofgem, the energy regulator, suggest that wholesale costs only went up 1.7 per cent over the past year.

Full article is here:

www.ft.com/cms/s/0/11dbb044-3d92-11e3-b7...e.html#axzz2j1hBuE2U

Meanwhile, British Gas steals £20 million from customers in credit:

www.dailymail.co.uk/news/article-2477799...s-boost-profits.html
British Gas is boosting its profits with millions of pounds made by overcharging customers, it was claimed.

The energy provider has allegedly taken £20m from customers with outstanding credit on their accounts and poured it into its annual accounts over the last year.

A whistleblower revealed that profits from credit, which is built up when customers use less energy than they are originally billed for.
The true measure of a man is not his intelligence or how high he rises in this freak establishment. The true measure of a man is this: how quickly he can respond to the needs of others and how much of himself he can give - Philip K. Dick.
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