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  • Actual for You - Major Electricity Suppliers Should Be Applying Price Reductions Now

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    Even if the major electricity suppliers do not apply price reductions now, they should at the very least forego any further electricity price increases.

    After all, the profits that have been reported have been generated from the unprecedented rise in wholesale prices – yes, those same wholesale price rises that necessitated the retail price increases in the first place.

    Yet they, like all the other major electricity suppliers, seem determined to have their cake and eat it by once again claiming that the retail business is a separate entity from upstream generation.

    Those energy giants who operate in both generation and supply gain a massive advantage by not having to go to the wholesale market for their supplies. Their supplies are sim

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    After all, the profits that have been reported have been generated from the unprecedented rise in wholesale prices – yes, those same wholesale price rises that necessitated the retail price increases in the first place.

    Yet they, like all the other major electricity suppliers, seem determined to have their cake and eat it by once again claiming that the retail business is a separate entity from upstream generation.

    Those energy giants who operate in both generation and supply gain a massive advantage by not having to go to the wholesale market for their supplies. Their supplies are si

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    ce rises that necessitated the retail price increases in the first place.

    Yet they, like all the other major electricity suppliers, seem determined to have their cake and eat it by once again claiming that the retail business is a separate entity from upstream generation.

    Those energy giants who operate in both generation and supply gain a massive advantage by not having to go to the wholesale market for their supplies. Their supplies are si

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    d to have their cake and eat it by once again claiming that the retail business is a separate entity from upstream generation.

    Those energy giants who operate in both generation and supply gain a massive advantage by not having to go to the wholesale market for their supplies. Their supplies are si

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    who operate in both generation and supply gain a massive advantage by not having to go to the wholesale market for their supplies. Their supplies are simply transferred from their generating activities.

    Those of us whose only option is to purchase from the wholesale market discover that prices are distorted by virtue of the energy giants’ absence. The market is too small to operate properly and is therefore illiquid. The end result is a barrier to the very competition that de-regulation was supposed to create. Like Energywatch we believe there should be a competition commission investigation into whether the market really is working. If prices fail to come down, it will only add weight to the call for market structure change.

    The only feasi

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