08.07.2015 Proof, if proof were needed...

Charnwood Country Living Bembridge Stove

It's taken the Competition and Markets Authority (CMA) nearly a year to tell us what we've all known for far too long: We've been paying too much for our energy. The CMA found that the 'big six' screwed UK households out of £1.2bn more each year between 2009 and 2013, than they would have done had they been operating in a truly competitive market. The average dual fuel customer spending around £1200 a year could save up to £160 if they switched suppliers. This now only takes a few minutes online (so what are you waiting for?). Neither Ofgem, the industry regulator, or the CMA have any powers over the prices the energy companies charge us. Citizens Advice say that those customers on pre-payment meters (often the poorest) pay an average of £226 a year more than if they were automatically put on the cheapest direct debit tariff. They are often also charged on top of that to have their meters installed or removed. Now, that has to be taking the...

Source: BBC News. To read the complete BBC News story please click here