Against a background in which the prices charged to domestic users have more than matched wholesale market price increases during the last eighteen months, Brit politicians in Westminster are now conspiring with energy companies to freeze prices at their current levels despite recent decreases in wholesale market prices.
Whilst domestic users, many of whom are on fixed incomes, are in effect encouraged to feel grateful for no price decreases, the energy companies can bank on keeping their present profit levels for the next two or three years, bolstered by the removal of so called ‘green energy’ charges previously imposed to fund renewable energy schemes.
Meanwhile, the likes of Cameron, Miliband and Lib Dem Energy Minister, Ed Davey, can vie with each other for the kudos of ‘stabilising’ retail energy prices! Trebles all round, eh?
However, just watch how quickly energy suppliers will renege on their promises if Putin’s Russian empire reconstruction shenanigans cause world energy prices to rocket again!
SSE price-freeze: Politicians rush to claim credit