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    Minister in warning to big six.

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    papa_umau
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    Minister in warning to big six.

    Post by papa_umau on Tue 11 Feb 2014, 12:46 pm

    Energy giants British Gas and SSE could be broken up after a government minister accused them of profiteering.

    Energy Secretary, Ed Davey, called on regulator OFGEM to launch an enquiry into Britain's gas market to see if firms needed "breaking up" to get the best deal for consumers.

    Davey claimed that household bills could be cut by nearly 40 a year.

    If evidence of a monopoly is found in the sale of wholesale to retail sectors, the big six firms could be broken up.

    He indicted that there was evidence that British Gas, who have the biggest share of this gas market, tended "to charge the highest prices over the past three years and had been on average the most profitable".




    Well, it's good to see a Tory minister taking a stance like this as historically the Tory ministers all seem to wear blinkers where this kind of profiteering is concerned.

    Whether anything substantial will come out of this or not, we are just going to have to wait and see.


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    zathrus
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    Re: Minister in warning to big six.

    Post by zathrus on Thu 13 Feb 2014, 12:34 pm

    So, whats new ?

    I will believe it when I see it.
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    papa_umau
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    Re: Minister in warning to big six.

    Post by papa_umau on Fri 14 Feb 2014, 12:05 pm

    A rather cynical view Zathrus, but a correct one I think.

    It could be that Ed Davey is just going through the motions to try to look as if he gives a damn, when in fact, just like the rest of his Tory buddies he does not.


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