UK: Energy rip-off exposed

[bananas]

http://www.timesonline.co.uk/tol/news/uk/article3177612.ece

From The Sunday Times
January 13, 2008

Energy rip-off exposed
Steven Swinford and Jon Ungoed-Thomas

BRITAIN’S biggest energy companies have stifled competition to raise prices and make record profits of more than £4.5 billion, a Sunday Times investigation has found.

The six companies that control Britain’s gas and electricity are now facing demands that they be referred to the Competition Commission.

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Industry insiders said they are ready to give evidence about how the “big six” have driven up prices and boosted profits by:

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The Sunday Times YouGov poll found that 85% of customers felt they were being ripped off by the energy firms. This compares to 76% of people who felt they were being ripped off by the railways; 74% by the petrol companies; and 59% by the banks and financial service industry.