OFGEM Says Prices Need To Rise

molerat

http://www.ofgem.gov.uk/Media/PressRel/Documents1/Ofgem%20-%20Discovery%20-%20PR8%20(2).pdf

Here we are asking OFGEM to get the companies to reduce prices and their latest report says that prices will need to rise to maintain our security of supply and reach green targets.

Bark01

Stop tryting to be a sensationalist.

There is nothing new in this report unless you have miss read it, the report is talking long term as in over 10-15 years prices will rise.

The question people are asking is can prices drop now in relation to the reduction in wholesale prices. This report has noting to do with that question

Premier_2

molerat wrote: »

...their latest report says that prices will need to rise to maintain our security of supply ....

Is that why E.On have just postponed a new power plant decision in the UK? :rolleyes:

..Late Wednesday, E.ON said in a statement it was deferring the investment decision on the planned 1.6-gigawatt Kingsnorth plant for up to two to three years from 2013 because of a drop in power demand.

"This (decision) is based on the global recession, which has pushed back the need for new plant in the U.K. to around 2016 because of the reduction in demand for electricity," the statement said. ...

http://online.wsj.com/article/BT-CO-20091008-710129.html

Lube

More doom and gloom

barncopxx

Lube wrote: »

More doom and gloom

Why isn't OFGEM simply ordering the utility companies to use the millions and millions of pounds profit they are robbing - yes robbing out of us each year and invest THAT into their future plans? The answer - they are on the side of the power companies, not the innocent consumer. It's nothing short of a bloody disgrace. :mad:

Lube

Why not ask Ofgem that

barncopxx wrote: »

Why isn't OFGEM simply ordering the utility companies to use the millions and millions of pounds profit they are robbing - yes robbing out of us each year and invest THAT into their future plans? The answer - they are on the side of the power companies, not the innocent consumer. It's nothing short of a bloody disgrace. :mad:

Sol00

OFGEM are a waste of tax payers money, they are toothless. They gave up their right to force energy companies to reduce prices in 2002, thinking that competition would do it all instead

C_Mababejive

Sol00 wrote: »

OFGEM are a waste of tax payers money, they are toothless. They gave up their right to force energy companies to reduce prices in 2002, thinking that competition would do it all instead

Judging by recent press reports, the hierarchy of OFGEM are more concerned with taking a first class seat on the gravy train.

Google The Times Ofgem Expenses


OFGEM have simply wrecked and asset stripped our energy utilities whilst helping themselves to fat cat salaries,expenses and pension pots.

They have stripped the utilities such as the gas industry,of millions of pounds to the point where they can barely operate safely.