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MSE News: Ofgem to scrutinise energy prices

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This is the discussion thread for the following MSE News Story:
"Ofgem is to investigate energy prices after end of year results were this week revealed by five of the big six providers"
"Ofgem is to investigate energy prices after end of year results were this week revealed by five of the big six providers"
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Another example of flawed system for an essential service.
In the example, BG can slightly undercut the opposition but make a large gross margin.
Or are the poor Supplier purchasers funding the margins of their generators?
Either way, it makes me most uncomfortable.
I've yet to see any of these suppliers actually show innovation in the way they buy energy. Negotiations (risk free negotiations too) must go something like this:
Wholesaler to supplier..''The price to you for 2012 will be increased by 20%.''
Supplier to wholesaler..''OK, no problem I'll have 3 trillion zillion of your finest killowatts.''
Supplier to consumer..''We have to increase our tariffs unfortunately, due to an unprecedented rise in the wholesale price of energy. We have tried our best to minimise the effect of these rises but we can no longer bear the cost.''