OFWAT has just turned down as “unjustified” an 8% hike in customer bills proposed by Thames Water, the biggest UK water company. So shouldn’t OFGEM take a leaf out of OFWAT’s book in dealing with proposed energy price hikes? The same profiteering has appeared in the water industry, with huge sums being set aside for […]
Posts Tagged ‘Ofgem’
One big reform that won’t be in the Budget
Mar 23rd, 2011 by Michael Meacher.The energy market is one of Britain’s biggest scandals. A report out yesterday finds the Big Six energy companies are ‘greedy’ and ‘bad’, according to the industry regulator Ofgem which says they profiteer and ruthlessly exploit the vulnerable. As a result a fifth of all households are now in fuel poverty – having to spend more […]
