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Price cut pressure mounts on UK energy firms as market costs plunge

2014-06-10 10:12:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Britain's big energy suppliers are coming under mounting pressure from consumer groups and politicians to cut household power and gas bills after a sharp drop in wholesale costs boosted the firms' profit margins. The country's "big six" energy providers, which supply 96 percent of UK households, also faced calls from industry regulator Ofgem on Tuesday to explain why consumer energy prices had not been cut to reflect the falling wholesale market. Around half of the average British household energy...

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Category:Electronics and Electrical

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