UK Energy Customers Overcharged!

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teddycoteddyco Forumite
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Customers are being overcharged by an average of £74 on their annual energy bills, an independent consumer watchdog has said.

Consumer Focus says energy suppliers have not been fully passing on declines in wholesale costs.

Crude oil has fallen from $147 a barrel in July last year to about $70.

http://news.bbc.co.uk/1/hi/business/8117962.stm

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  • edited 25 June 2009 at 11:29AM
    Premier_2Premier_2 Forumite
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    edited 25 June 2009 at 11:29AM
    http://forums.moneysavingexpert.com/showthread.html?t=1775313 ;)
    ...Consumer Focus said its research was based on methodology and data from the regulator Ofgem, and showed that energy suppliers were overcharging customers by a total of £1.66bn this year.

    But Ofgem said Consumer Focus had used its data incorrectly.

    ...

    "We cannot accept Consumer Focus' claim to have used our methodology for calculating wholesale costs," the regulator said.
    "They have borrowed some of it but they appear to have made assumptions that are simply wrong." ...
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
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