Posted on 2014-08-05 | 11:23

Despite energy companies coming under pressure to cut household gas and electricity bills following a sharp drop in wholesale costs, there is no indication that consumers are going to get cheaper bills. Gas prices have reached their lowest level since September 2010 and were 38% below this time below last year, while electricity prices reached their lowest level since April 2010 and are currently 23% lower than June 2013.

Said Roger, “What a surprise that the big 6 are not going to lower energy bills and are, instead, charging customers an average of £100 more than last year. This merely shows, once again, that privatisation, or liberalisation as the companies like to call it, of the gas and electricity industry has brought no benefits whatsoever to customers but has enriched current and former owners and shareholders at the expense of consumers.”