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CHEAPER GAS AND ELECTRICITY

Submitted on Tuesday 25th September 2012

Published on Thursday 27th September 2012

Current status: Closed

Closed: Friday 27th September 2013

Signatures: 198

Tagged with

Economy

Petition Action

CHEAPER GAS AND ELECTRICITY

Additional Information

High gas and electricity prices are crippling our economy.
The ‘BIG SIX’ are regularly increasing prices at rates far in excess of the rate of inflation. Price rises are attributed to increased whole sale costs, while profit margins continue to increase. These companies are price fixing; they all withdraw fixed rate deals, then increase prices by a similar rate.
The cost of energy is placing people’s lives in danger. Families have to choose whether to eat properly or pay inflated energy bills.
With a further 10 % price increase on the horizon for both gas and electricity bills, surely enough is enough.
Therefore, this petition calls on the Government to:
1) Place an upper limit on the ‘profit per household’ for energy suppliers.
2) Introduce legislation to limit the annual increase in price of gas / electricity to the rate of inflation.
3) Set up a Commission to look at market competitiveness.
4) Overhaul the ineffective energy regulator OFGEM


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