History repeats itself annualy

When Gas and Electricity were privatised in 1986 and 1989, in was argued that this is "Good News for the consumer as prices will be driven down by competition".
There were however those of us who argued that we would see the energy suppliers making huge profits as a result of increasing prices in line with each other at the expense of the consumer. The energy suppliers are not in business to provide some philanthropic service for society. The energy suppliers are in business to make profits. The bigger the better, for them at least.
Nothing will come of the latest "investigation" by the industry watchdog. Such investigations are only a public relations exercise seeking to persuade a sceptical public
that their interests are being looked after. Nothing could be further from the truth.
The watchdog will report. Their will be another few days of public complaint, then we will all return to the status quo. The energy supplers will return to checking their ever expanding balance sheets while preparing the next round of price increases.
History repeats itself annualy.


http://www.independent.co.uk/news/business/news/probe-launched-into-rising-energy-profits-2144307.html