• From The BBC:

    Executives from major energy firms yet to cut prices in 2009 have said they are “optimistic” that gas and electricity bills will fall soon.
    But senior figures from EDF Energy, E.On and Scottish Power did not tell MPs when such moves would be made, and Npower was non-committal on cuts.
    British Gas and Scottish and Southern Energy (SSE) have already trimmed bills for some of their customers.
    However, further cuts may not be forthcoming, one executive warned.
    Wholesale energy prices for summer 2010 are about 10% higher than they are now, SSE’s chief executive Ian Marchant told the Energy and Climate Change Committee.
    “I’m concerned that if the wholesale price increases, we might see an increase,” he said.
    “I would have expected us to see another round of decreases [in energy bills] later this year or early next year, but objective analysis suggests that this might not happen.”
    Consumer groups said the news was a “big blow” to customers already struggling with bills.
    ‘Low profits’…

    Click to read the full article »

    Posted by Jon @ 4:03 pm

Leave a Reply

Your email address will not be published. Required fields are marked *