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No decrease in energy prices

In the past, the energy companies have said that the cost of gas/leccy follows the trend in oil prices.

Well BG, EDF and everybody else, have you seen how much petrol (oil) prices have dropped in the past 2 to 3 weeks??

I can imagine their response. 'No, sorry, we cant drop our prices. We are going to invest in some other Dead Donkey scheme that wont work, so there'!!!!

Comments

  • Didn't you get the memo? Apparently the theory as to the price of Gas being linked to the price of Oil only applies when the price of oil is rising. ;)
  • DragonQ
    DragonQ Posts: 2,198 Forumite
    Part of the Furniture 1,000 Posts
    Last time there was a price drop due to wholesale prices, it was ~5%, which didn't even make up for the 15-20% increase from a a few months before that.

    It's criminal, really.
  • rogerblack
    rogerblack Posts: 9,446 Forumite
    daily_wholesale_uk_gas_price_graph_apr2103.jpg

    Shows them at an all-time high over the past couple of months - apart from a one week spike in Feb 2012.
    From Jan-Now - prices in 2011 averaged about 57p, rising to 62p in 2012, and 78 now.
    Oil and gas prices have historically tracked.
    This doesn't mean that they will do so forever.
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