Ofgem asking the wrong questions of energy giants, says
Unite
6 October 2008
Responding to Ofgem's announcement today (Monday, October 6th)
that it could find no evidence of a price cartel among the energy
companies, Tony Woodley, joint general secretary of Unite said:
"This report offers no comfort to consumers dreading the coming
cold months.
"The issue that really needs the regulator's scrutiny is why
have these greedy gas and electricity companies been allowed to get
away with extortionate price hikes - five and six times the rate of
inflation - in the cost of an everyday essential? They have behaved
like racketeers squeezing every penny from consumers who simply
have no place else to go.
"It is high time that the energy providers did what was moral
and responsible. They could easily return a proportion of the
windfall profits they are sitting on to the British public and feel
no pain in so doing.
"Government and the regulator must get on the side of the people
who are paying through the nose to heat their homes, not the
mega-rich energy companies who are laughing all the way to the
bank."
Ends
For further information contact Pauline Doyle on 07976 832
861.
