Friday, 14 January 2011

Energy companies accused of 'profiteering'

Politicians and watchdogs called on the Government to force energy companies
to open their books and explain what price they were paying for their gas
and electricity and what price they were charging customers. The figures were published just a day after the fifth of the big six energy
companies, E.on, announced it was increasing its customers' bills, adding
£63 to average annual bill. It became the latest bill increase to hit families after the rise in VAT to
20 per cent at the start of the year, along with petrol climbing towards £6
a gallon and stubbornly high food prices. In total, 24.6 million customers across the five companies have been hit by
price rises. E.on, along with its rivals, blamed rising wholesale energy prices, which
have climbed by 35 per cent since last Spring.

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