Britain’s energy price hikes are blatant profiteering

[NaRvIcK DeViL]

Britain’s energy price hikes are blatant profiteering

The recent price rises by the energy companies in the last few days in the UK are not just unjustified they’re blatant profiteering says the Competition Commission.

They have raised their prices by an average of 15% by using as a excuse the increase in wholesale prices but energywatch says when you’re the companies that set the wholesale price as well as sell it to the British consumer you can use this excuse at you leisure .

If you remember last year, wholesale energy prices fell dramatically but this decrease was not passed on to the consumer.

An Energywatch statement confirms that energy companies are creaming off extra profits for as long as they are allowed to get away with it.

Chief executive, Allan Asher, said: “We believe there should be a Competition Commission inquiry into whether there is a cartel at work. Consumers have had enough of the relentless profiteering from energy companies. They deserve to know that everything is being done to stamp this out”