Whistle-blower says energy companies fix the price of gas. And the Pope is Catholic. Did anyone seriously think that the price of gas, electricituy or petrol is determined by a free market? As the AA has pointed out that petrol prices "go up like a rocket and down like a feather". Since he beginning of October, wholesale prices have fallen by ten pence, but pump prices by 4p. SSE has just announced a 9% increase in domestic energy tariffs this winter - three times the rate of inflation - and surprise surprise, the rest of the industry is following suit.
There is no longer any recognisable market in energy. It is an industry run by a cartel of mostly foreign-owned companies who treat the domestic consumer with contempt. It is a deeply corrupt system in which the government connives with price fixing. But though they don't realise it yet, the energy companies are planting the seeds of their own destruction. Once the public finally realise that they are being conned, there will be demands to take these private monopolies back into effective public ownership through regulation and taxation as is happening to the UK railways. The present situation is unsustainable.
There is no longer any recognisable market in energy. It is an industry run by a cartel of mostly foreign-owned companies who treat the domestic consumer with contempt. It is a deeply corrupt system in which the government connives with price fixing. But though they don't realise it yet, the energy companies are planting the seeds of their own destruction. Once the public finally realise that they are being conned, there will be demands to take these private monopolies back into effective public ownership through regulation and taxation as is happening to the UK railways. The present situation is unsustainable.
