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***OFGEM - To investigate energy companies who have recently increased prices***


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There have been lots of investigations before-the difference with this one is that Ofgem will have access to accounts of Energy providers.

They will also be looking to see if previous notifications on business practices have been acted upon and complied with.

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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hmmm bets on the investigators bank account level increasing around the time that they announce theres no case to answer

Please note:

 

  • I am employed in the IT sector of a high street retail chain but am not posting in any official capacity,so therefore any comments,suggestions or opinions are expressly personal ones and should not be viewed as an endorsement or with agreement of any company.
  • i am not legal trained in any form.
  • I have many experiences in life and do often use these in my posts

if ive been helpful kick my scales, if ive been unhelpful kick the scales of the person more helpful :eek:

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Have you not read Dec 7th issue of Private Eye?

 

The gist was..... in 93/94 Centrica (aka British Gas) raised it's prices and shed 600,000 customers to other companies. Now here the interesting bit as wholesale gas is pre bought in advance the companies who took on these leaving BG customers then had to go back to the whole sale gas market to buy the gas to supply these new customers. As BG had already bought the gas for these customers there was now a shortage of whole sale gas and thus the whole sale gas prices increased due to the extra demand caused by the leaving customers.

 

Summary: any increase in price is a self fulfilling prophecy which raises prices in all other aspects of the energy market and thus justifies the increase. Since this also equates to a nice little earner for the government through increased tax revenues. Don't expect any changes soon.

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The main problem with Gas in a nutshell is, the UK doesn't really have any storage facilities, overseas companies buy North Sea gas in the summer months from the

UK, then store it. They sell it back to the UK during our winter months at higher prices.

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