OFGEM A WASTE OF MONEY AND TORIES CAMPAIGNING ON TAXPAYERS' MONEY

OFGEM ADVICE 
TO EAT PACKED LUNCH 
TO AFFORD
HEATING BILLS
(It is not an advice -
it is an insult)

Ofgem is another waste of money because they supposed to be a watchdog and watch over the big energy suppliers.  According to some previous reports they have the power to fine the energy suppliers up to 10 per cent. Although it would not cripple them with the present huge profits but still it would be some reminders 

However, Ofgem does not use its power.  So what is Ofgem there for?  David Cameron famous comment comes to mind “We are all in this together.”  He never said a truer word but it refers to him and his buddies.

For Ofgem which supposed to be a watchdog of energy suppliers to announce that people should take packed lunch, going jogging instead of gym and a second-hand handset is not only an insult to the intelligence of people but Ofgem showing themselves up as useless.  From a start all the last years whatever have they done to stop the energy companies putting up their prices by 37 per cent?

Last winter, which was a mild winter, a record of 20,000 people died of hypothermia. Would Ofgem like to know that in many families the parents forgo breakfast to feed the children or children go with without breakfast to school? Therefore their great brainwave of taking packed lunch or going jogging instead to the gym is way behind the time.  By now families have to choose between buying food or heating their home properly.  Besides over 1,000 food banks do not spring up for no reason at all. They must be living abroad like the rest of David Cameron’s friends since they lost touch.

As for SSE they also did not pass on the saving from crude oil price reduction but my tariffs have even increased.  So what would Ofgem do now about it? Tell me to light a fire with wood in the middle of my sitting room?

When the first massive increase of 10 per cent of their tariffs was made before the winter 2012/13 people wrote to the Prime Minister David Cameron and begged him to do something about it. According to him he wrote a letter to the big six energy suppliers.  They got so scared they did nothing and increased the tariffs in the following winter for another 10 per cent.  The entire increases amount to 37 per cent since this Tory-led government came into power.

The result, according to the Daily Mirror which tells more the truth than any other of the big papers, their profits will be up by 1,000 per cent per household this year than five years ago.

That is an achievement of which David Cameron can be proud of. He should mention it when he is campaigning around the country for his Tory party surely people would be impressed.  Another point people would like to hear about and be impressed is that his party scoop in £40million from all his created billionaires who are mostly tax avoiders and the great man does nothing about it, of course.  They all support the Tory Party to win again. 

Now, David Cameron and friends found a loophole how not to pay for their campaign in spite of their £40million received.  The loophole is that if they visit a factory, at each place of their campaign, it would count as a government trip and the taxpayers foot the bill. In spite of their cheating the public again they stand there cold-bloodedly trying to convince them to vote for the Tories.

If there was never a more desperate time to vote Labour it is now. Not even UKIP because they are just standing by in the shadow and joining up with the Tories if they do not have the majority.  The same as the Greens.

WATCHDOG OFGEM WARNS ENERGY GIANTS -- Update 7 January, 2015

UPDATE:  7 January, 2015 --  The crude oil prices had been dropping for months and is half the price but not a penny off the tariffs.

AGAIN WHAT IS OFGEM DOING ABOUT IT? They have the power to fine them up to 10 per cent which could be given to the consumers. Cameron is shouting about and demand the energy giants to drop their prices but nothing.

Between the Government and Ofgem tell us they have not got the power to make them drop their tariffs? ha ha ha They wait now till the winter is over, so they have the full fat of dividends. All this while the elderly will be dying of hypothermia and poor families have to shiver in their homes.


UPDATE: 17 Oct., 2014 -- SSE just announced that the Fixed Discount will run out on 1 December 2014. The domestic will increase from Day Energy 18.48p  + Night Engergy 9.59p + Storage Heater 8.04p to Standard Charge 25.76p  

NOW THEY DO NOT ANNOUNCE A 10 PER CENT INCREASE BUT SEND LETTERS THAT YOUR FIXED DISCOUNT WILL END DESPITE OF PRICES FOR CRUDE OIL DROPPING.

WHAT IS OFGEM DOING ABOUT THAT???????   AS ALWAYS  --  NOTHING

Watchdog Ofgem is an industry regulator and demands from the six energy suppliers to reduce their tariffs. This should have been done two years ago when they added every winter 10 per cent to their bills. Luckily the last two winters were very mild otherwise it would have caused catastrophic results. People just have not got the money to foot the bills. The Government and Ofgem did nothing. Now the General Election in May 2015 is coming up they try to pull a good show.

Now Ofgem has found out that they made a profit of £2.8billion last year. This does not come as a surprise to the consumer who had been squeezed to the limit with the highest energy bills ever. Ofgem also revealed that the six energy providers made a profit of £17billion over the last five years and not a word of objection or pressure had been put on before by the PM David Cameron. Beside Ofgem has the ability to fine the energy giants with 10 per cent. Why was that not done? It would have taken the 10 per cent increase off them and given them some lesson.

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It was also reported that profits in their domestic energy arms actually fell by just £57million to £1.13billion. Is that believable after the two times 10 per cent increase of the domestic bills? It was also revealed that it is still 439 per cent higher than in 2009. There is no referring back by the Prime Minister to Labour this time as it is his usually habit. Gosh 439 per cent increase since 2009 is no wonder that the consumer crumbles under the huge electricity and gas bills. 

It had been noticed that the executives earning over £1million a year salaries and the shareholders huge dividends which are beyond belief. It all has gone out of hands. The British Gas chief executive left a few weeks ago with a Golden Handshake of £2.3million. 

It should all be cut down but the industry regulator.  Ofgem does not do its job for what it is there for. Therefore it is not independent but part of the scheme and cost the taxpayers even more money for no results.. It is surprising that the big six giant suppliers have not yet increased their tariffs again by 10 per cent as everybody holding its breath waiting for another devastating news to come.

Source: Daily Mirror