Today's main news - Ofgem is to launch a wide-ranging investigation of the UK retail energy sector to determine if companies are "playing it straight with consumers" in the wake of recent price rises.
The regulator said it would undertake a "comprehensive review" of the market after calculating profit margins would rise by 38 per cent as a result of the retail price increases by three of the country's six big utilities.
If ordinary people are making sacrafices and "pulling their belts in" in the current economic climate, then surely it is not too much to ask that the Energy companies do likewise? I believe that Ofgem is a "Toothless Tiger" and the government needs to fit it with a new set of sharp of dentures in order to enable the regulator to turn up the heat on the Energy companies. >
