Tuesday, 29 October 2013

Energy chiefs to come under fire from MPs on prices

Top executives from the UK's six largest energy companies are expected to face serious criticism when they come before a group of MPs.

The bosses have been called in front of the Energy and Climate Change Committee, following recent price rises.

So far, four companies have announced increases that average 9.1%.

What a waste of time this is, all these MPs will do is have a go at the bosses and do a bit of political grandstanding before letting the bosses go back to their jobs of ripping off the public.

Instead of just having a go at the energy companies and saying what you’re doing is really wrong, after they’ve already done it, maybe they could, next year because they’ve missed the boat this year, have a similar sort of situation where the energy bosses should come before a group of MPs in the summer and they should be told in no uncertain terms that you can’t raise your prices by more than a set amount, because the amount they are currently raising their prices by has reached farcical levels.

Of course I could be wrong and after this grilling the energy bosses might discover some early Christmas spirit and suddenly abandon their ridiculous rises, and if they do I apologise to all in advance, but let’s be honest there’s more chance of pigs flying or England winning the World Cup next year.

Apparently the rises are because wholesale prices are increasing, but the chief executive of Ofgem is expected to tell MPs that wholesale prices have risen by less than the rate of inflation, 1.7% over the last year.


So not only are the big energy bosses money hungry narcissists, they’re also massive liars without consciences, and yet apart from being yelled at for a few hours by MPs they’ll be allowed to carry on as normal. 

No comments:

Post a Comment