he former approach is the preferred one then the decision to raise tariffs to such unprecedented levels was completely unjustified and consumers have a right to new fair rates along with compensation for overcharging.

Furthermore, the original argument given for raising tariffs to these levels is itself now redundant. Wholesale prices have seen a s

Claims by the major UK gas and elecricity suppliers that they have been forced to increase their prices in order to claw back the huge deficit created by the unprecedented rises in wholesale prices would, on the face of it, appear to be a reasonable explanation for their action.

However, if this were an entirely accurate picture they would be expected to take a hit on their profit especially since they have passed on to their customers ‘… far less than the full extent of the increase in wholesale energy prices experienced….’

But profits are rising and rising big time and the explanation given is that these profits come from a different source – from upstream activities such as generation and exploration.

Now this might appear plausible except that it was the elecricity suppliers who persuaded the UK government against wide ranging protests at the time that they should be allowed to integrate both generation and supply businesses as they operated much more efficiently in tandem.

They can’t therefore have it both ways – either the vertically integrated companies should report as single entities and come clean about the overall level of profits they are making from activities that are ultimately paid for by the final customer or if they wish to divorce the business activities then the government must revisit the rationale for allowing such integrated giants in the first place.

If the former approach is the preferred one then the decision to raise tariffs to such unprecedented levels was completely unjustified and consumers have a right to new fair rates along with compensation for overcharging.

Furthermore, the original argument given for raising tariffs to these levels is itself now redundant. Wholesale prices have seen a su

ed to take a hit on their profit especially since they have passed on to their customers ‘… far less than the full extent of the increase in wholesale energy prices experienced….’

But profits are rising and rising big time and the explanation given is that these profits come from a different source – from upstream activities such as generation and exploration.

Now this might appear plausible except that it was the elecricity suppliers who persuaded the UK government against wide ranging protests at the time that they should be allowed to integrate both generation and supply businesses as they operated much more efficiently in tandem.

They can’t therefore have it both ways – either the vertically integrated companies should report as single entities and come clean about the overall level of profits they are making from activities that are ultimately paid for by the final customer or if they wish to divorce the business activities then the government must revisit the rationale for allowing such integrated giants in the first place.

If the former approach is the preferred one then the decision to raise tariffs to such unprecedented levels was completely unjustified and consumers have a right to new fair rates along with compensation for overcharging.

Furthermore, the original argument given for raising tariffs to these levels is itself now redundant. Wholesale prices have seen a s

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