For the last some weeks oil price has been tumbling and recently it has gone down to $29 or £20 a barrel, that is about 75% below the top price of $115! But to my surprise Ofgem Regulator and The Times Finance Editors are all quiet!
When oil price is rising, they are quick in saying gas and electricity prices would go up soon by say 8 to 10%.
Are they waiting for winter to finish so that all the big six suppliers can make exorbitant profit for the shareholders? They only said yesterday that energy big suppliers are not giving good customer service, which is not enough. Even the Ministers are quiet and not saying that gas and electricity prices should fall by at least 30 to 40% very soon. They all should think about the poor families and pensioners!
Upendra Kapadya
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