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MPs demand inquiry into great energy 'swindle'
JICWyllie
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10-26-2009 7:56 AM
19 views
tags:
1-corruption
,
1-prices
,
2-increase
,
3-reported
,
4-uk
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/bc263e64-d065-4aed-9cce-14e6d7620af0/141CB456-026E-4A2B-AA3C-7E220A846F98/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.independent.co.uk/news/uk/politics/mps-demand-inquiry-into-great-energy-swindle-1809415.html" href="http://www.independent.co.uk/news/uk/politics/mps-demand-inquiry-into-great-energy-swindle-1809415.html" style="font-size: 11px;">www.independent.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/uk/politics/mps-demand-inquiry-into-great-energy-swindle-1809415.html"><P class="font-null"> Anger is growing over energy prices because the "big six" – British Gas, EDF, E.ON, Scottish Power and Scottish and Southern – have cut bills by only 4 per cent this year to £1,140, despite wholesale costs, which make up 60 per cent of the bill, halving in the past year. Minnows such as First:Utility and OVO Energy have recently introduced bills as low as £921, £440 cheaper than Scottish Power's tariff of £1,361. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/uk/politics/mps-demand-inquiry-into-great-energy-swindle-1809415.html"><P class="font-null"> As well as supplying 99 per cent of households, the "big six" own a network of power stations, making them strong examples of "vertically-integrated" businesses. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/uk/politics/mps-demand-inquiry-into-great-energy-swindle-1809415.html">The "big six" suppliers say they cannot lower prices because they are locked into expensive, long-term contracts agreed when prices spiked last year and have been hit by rising environmental costs and bad debt.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/uk/politics/mps-demand-inquiry-into-great-energy-swindle-1809415.html">the number of households paying 10 per cent or more of their income on fuel bills had risen to 6.6m this year, one in four families. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/141CB456-026E-4A2B-AA3C-7E220A846F98/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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