MSE News: Ofgem steps up probe into energy prices

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"The regulator wants to determine if profits at the big six suppliers have been underestimated to justify higher prices ..."

Read the full story:
Ofgem steps up probe into energy prices

Cardew

http://forums.moneysavingexpert.com/showthread.php?t=3436963

HappyMJ

I had a survey from E-on through the email last week trying to convince me that profits were only 1% of the bill. Yeah right. I don't think so.

Dave_C_2

What on earth does Ofgem do all day?

There are only the big six firms to keep tabs on and yet they still have to bring in someone from outside! This is to confirm what is already known in the department of the bleedin' obvious - us consumers are getting ripped off left, right and centre.

What an utter waste of taxpayer money.
Quis custodiet ipsos custodes as they say. OfOf? Or better still, RipOF

Dave

Pincher

Deja vu.

This is from November 2010.

http://www.ofgem.gov.uk/Media/PressRel/Documents1/Retail%20Market%2026%20November.pdf

This is from March 2011:

http://www.ofgem.gov.uk/Media/PressRel/Documents1/RMRFinal%20Final.pdf


It looks like this year's review starts a bit earlier.

MillicentBystander

Pincher wrote: »

Deja vu.

This is from November 2010.

http://www.ofgem.gov.uk/Media/PressRel/Documents1/Retail%20Market%2026%20November.pdf

This is from March 2011:

http://www.ofgem.gov.uk/Media/PressRel/Documents1/RMRFinal%20Final.pdf


It looks like this year's review starts a bit earlier.

Lol. That just about sums up this shower.

davidgmmafan

"What an utter waste of taxpayer money"

Ironically the reason why Ofgem is spared the bonfire of the quangos whilst Consumer Focus is culled is that Ofgem doesn't cost much. I believe its financed by the industry.

MillicentBystander

True tea. They cost the Govt. nowt and indirectly net them billions....they are safe from any cull.

davidgmmafan

Its madness isn't it?

MillicentBystander

Absolutely.

HUMBUG

To quote a line by Dennis Healey about Geoffrey Howe, I can quite confidently state that on behalf of the big six, that getting attacked by Ofgem is like getting mauled by a dead sheep. Ofgem are quite easily the most hopeless regulator and obviously have to portray their concern at massive energy hikes to 'pull the wool' (pun not intended) over the public's eyes. We all know better that they are basically puppets on the string of the big six , because we are talking about mega millions of pounds here. I'm not saying anything corrupt is happening but it does make one wonder.