MSE News: Energy giants quiet on price hikes

Former_MSE_Helen
Former_MSE_Helen Posts: 2,382 Forumite
This is the discussion thread for the following MSE News Story:

"EDF, Npower and Scottish Power have refused to say whether they are likely to raise gas and electricity prices this year ..."

Comments

  • jamesd
    jamesd Posts: 26,103
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    Perhaps there's some merit in introducing increased price competition in this market, with consumers switching away from gas and electricity producers who have a profit motive for keeping wholesale prices high so their production divisions make money, while the retail side uses high wholesale costs as an excuse for high prices?
  • Consumerist
    Consumerist Posts: 6,310
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    MSE_Helen wrote: »
    "EDF, Npower and Scottish Power have refused to say whether they are likely to raise gas and electricity prices this year ..."
    The sheep are lost.

    Centrica says up, E.on says not. How can one expect the others to know what they are going to do now?
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
  • Terrylw1
    Terrylw1 Posts: 7,038 Forumite
    Its like in The Godfather when the heads of the 5 families get together.

    This is different though...there is 6...;)

    How naughty that 2 of the families have acted before the heads get together...
    :rotfl: It's better to live 1 year as a tiger than a lifetime as a worm...but then, whoever heard of a wormskin rug!!!:rotfl:
  • thor
    thor Posts: 5,483
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    I'm going to make a prediction based on the greed of these companies. I foresee that within 9 months all of the utilties(including eon) will have put up their prices even if wholesale costs have gone down. They've done it before and will almost certainly do it again. Also they will trot out that they are still competitive with each other which will probably be true as they act as a cartel to give themelves that excuse.
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