Thursday, 18 October 2012

Energy matters

It appears that the Prime Minister David Cameron has become so frustrated by the current energy situation in this country that he has stood up and spoken. So what is the problem?

Energy prices and energy companies profits have risen year on year at far greater speeds that consumers inflation rates. The current size of energy company profits are obscene compared to the "we are all in it together" statement.

The last 15 years has seen 6 companies become a cartel in energy and I believe the PM has become fed-up at the lack lustre way Ofgem has dragged it's feet in regulating the industry and has decided to start the debate. Considering the row I have just seen in the commons, it looks like the debate has begun.

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