MSE news: Ogfem to be given powers to cut energy prices, under Labour plans

edited 13 March 2015 at 12:08PM in Energy
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Former_MSE_PalomaFormer_MSE_Paloma Former MSE
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edited 13 March 2015 at 12:08PM in Energy
Ofgem will be given powers to order suppliers to cut prices by the end of the year if Labour wins the general election ...
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'Ofgem to be given powers to cut energy prices, under Labour plans

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  • Goodness, Labour are still flogging this dead horse.

    You can just imagine them round the conference table: "Things we can win the election on: NHS, Energy Prices"

    The NHS in Wales is far, far worse than England. Average energy prices have fallen from £1264 to under £1k.

    Now what?

    Erm.....I know - state price intervention - it worked so well for the Soviets!

    :rotfl:
  • JJ_EganJJ_Egan Forumite
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    Mnw1888 what an abusive post unless of course .

    (

    A wise man speaks when he has something useful to say, a fool speaks merely to hear his own words. )

    Is a reference to Ed .
  • Nada666Nada666 Forumite
    5K Posts
    Pretty much (on Today) it was confirmed they are hoping to increase the prices of the cheaper tariffs by a couple of hundred pounds. And lock us into them. Crazy, crazy policy.
  • PincherPincher
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    Instead, let's pass a bill for a Britain Speaks reality event.


    The CEO of the worst utilities companies will be arrested and transported to the Sahara desert. Their sufferings will be televised. Customers of each utility get to select a customer satisfaction rating per account, say 0 to 100.


    When the customer service gets better, the customer can change his rating.


    Every week, the most improved scores gets you a chance to talk to the audience. The CEOs get to plead their case, or slag off other CEOs. They can say what they will do when they get out. Everybody can call in to vote, and the most votes gets him out of the desert.


    The last CEO left should be tar and feathered before being released into the desert. If his company wants to, they can come and get him.
  • mnw1888 wrote: »
    Hi Tweety Pie,


    A wise man speaks when he has something useful to say, a fool speaks merely to hear his own words.


    What's your alternative plan to Labours suggestion, we should get rid of Ofgem? Is Ofgem the problem in the market place(lack of regulation and lack of enforcement) or is it poor customer services from Energy companies?


    Now why not use that small Bird brain and try and be positive to how to fix the problem in the energy market. Politics is not for you.

    Any else seen immense irony in this post?

    :rotfl:
  • teddysmumteddysmum Forumite
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    Last time, when price freezing came up, Miliband said he wanted OFGEM abolished, but now he wants to give it more powers.
  • mnw1888mnw1888 Forumite
    47 Posts
    Any else seen immense irony in this post?

    :rotfl:

    Tweety Pie,


    I assume you have fall off your perch and bumped your head?
    The only irony is that you nothing to say or have a solution to the problem.


    Who is to blame Tory coalition, Ofgem, energy companies or people like you whom troll the genuine complainants?


    Your comments about labour MP's was way of the mark? Energy is not a devolved power to local governments.
    DECC run the show in the UK or is it Ofgem or are Ofgem not fit for purpose? Would you like to give a real answer tweety pie?
  • Energy companies may have slightly reduced their Kw/h charge, but they have INCREASED their standing charges to compensate themselves. I switched to First-Utility on a 1yr fix a year ago, and so am now looking for a new deal. Yes the tariffs they have are about the same, or slightly less, per Kwh this time around, but their daily standing charges have more than DOUBLED. I'm not getting any additional benefits for this doubling of the standing charge. What they give you in one hand they more than take back in the other!
  • C_MababejiveC_Mababejive Forumite
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    Labour are idiots. God help us all if they ever hold power.
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
  • joncombejoncombe Forumite
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    Energy companies may have slightly reduced their Kw/h charge, but they have INCREASED their standing charges to compensate themselves.

    I'm also with First Utility but about to switch. I got an email today about price changes from 11th April 2015. The standing charge has more than trebled. The day unit rate has also increased (Economy 7 tariff). Only the night rate has decreased. And yet the email states "For the majority of our customers this will mean a 3.6% decrease in the amount they pay annually". This is the trouble with standing charges - it seems headline price changes generally only reflect the unit rates - standing charges are often not factored in. OFGEM should have either abolished standing charges or standardised them so there was more clarity on price. Their "simplification" was nothing of the sort.
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