MSE News: Energy firms told once again to cut prices

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This is the discussion thread for the following MSE News Story:
"Ofgem says firms must not use their long-term investment in the energy network as an excuse not to cut household bills ..."
"Ofgem says firms must not use their long-term investment in the energy network as an excuse not to cut household bills ..."
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We have heard it all before nothing will happen as usual, OFGEM are a waste of tax payers money, lets have another consultation which should last for about a year and we will get the same statement all over again and nothing will happen, toothless !!!
Machiavellii
That headilne really is quoting ofgem out of context!
A more balanced article than the "official MSE article" is here:
http://news.bbc.co.uk/1/hi/business/8398594.stm
What ofgem stated was:
Also despite the frequent cries that "our prices go up immediately when the wholesale prices rise, but don't follow them down" This graph is interesting!
http://www.ofgem.gov.uk/Media/PressRel/Documents1/DP5%20Sundayv1.pdf
http://en.wikipedia.org/wiki/Office_of_Gas_and_Electricity_Markets
http://members.lycos.co.uk/ofgemsentinel/
B
Diary 'Butti's journey : A matter of loaf or death'.
Diary 2 'The whimsical tale of the Waterbed of Debt' 48% off mortgage
'one day I will be rich and famous…for now I'll just have to settle for being poor and incredibly sexy'. Vimrod Member of MIKE'S :cool: MOB
That's laughable. They have no power whatsoever, all they can do is request the energy companies to decrease their pricing, but haven't they done this before? :rotfl:
Waste of taxpayers money; get rid!
http://www.guardian.co.uk/business/2009/may/24/ofgem-executive-pay
HAVE YOU SEEN QUENTIN'S CASHBACK CARD??
If I get some spare cash I'd love to have a wind turbine and stuff the electricity companies/
Nice to see them getting paid a lot for doing very little. Disgraceful!