Lack of energy about reducing or restructuring fuel prices
“Energy companies all put their prices up arguing that it was down to rising costs of oil and gas, but now that is reversed, we are seeing delay, blather and procrastination. We believe that consumer prices need to come down with no ifs and buts over the coming weeks. When companies all put prices up at the same time, there were suspicions of a lack of competition. Now, they are all delaying together.”
This is a quote from Ed Mayo, Chief Executive of Consumer Focus (where I am a Board member), in a piece in today’s “Daily Telegraph”.
As well as an overall reduction in energy prices, we need to see changes in the tariff structure:
- If you have a pre-paid meter, you pay more. You should pay the same.
- If you use more, the unit cost goes down. It should go up on grounds of social benefit and environmental gain.