Scottish And Southern Sneaks In The Back Door
As the financial press concentrate on the move by energy giant E.ON to increase prices across the board we also saw another UK major slip in a significant price increase while 'nobody was watching'. Using the E.ON announcement as cover Scottish and Southern has announced immediate price increases of 19.2% for electricity and 29.2% for gas as the burden on the UK household continues to rise. While the company attempted to take the heat off a little by suggesting that this will be their last rise of the year that means very little to a consumer that has been battered into submission over the last 12 months.
Again we have seen the oil price dropped from the energy price argument of late and we are now down to good old fashioned market spikes. It seems that the need to maintain and boost profit levels for the major energy groups far outweighs any obligations which they have to maintain an affordable service in the UK. Perhaps we should revisit the terms and conditions which the authorities levied on these companies when they were taken out of the public sector and introduced to the free market?
Nobody knows when or where these price rises will end but in the meantime energy poverty is becoming the new buzz word in the UK!
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