Wednesday, 5 September 2012

Are you being charged too much for electricity

Energy companies have been accused of rigging the electricity market to the tune of £600million and forcing every British household to find an extra £25 each to pay for it.

The Government believes some providers are using a scam to 'overload' the national grid so they can claim back 'unduly high' sums of lucrative compensation.

Since 2007 energy companies have been pocketing an average of £125million per year by claiming they have had to shut down their power stations and wind farms because the electricity network is full to capacity.

But experts say they can 'exacerbate or create' too much energy for the national grid in areas where the capacity is poor, like the border of England and Scotland.

 The Government has said that some energy businesses are 'profiting unfairly from the consumer' while continuing to rake in massive profits on top of these compensation payments.

Energy Minister Charles Hendry wants to ban the 'exploitative behaviour' of those who run power stations and wind farms saying compensation claims are 'out of control'.

It came as British energy companies are pocketing record profits while consumers are paying record amounts for their gas and electricity.

Profits at E.on’s UK operation rose by 23.7 per cent, up by £47million to £245million for the first six months of the year, boosting those of E.on’s German parent company, where the total for the first half of the year trebled to £2.45billion.

Recently the UK’s biggest supplier, British Gas, revealed profits rose almost 23 per cent in the first half of the year to reach £345million.

time to sort this out we think. looks like we are being ripped off

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