The Daily express say that millions will be afraid to turn on there heating but wholesale price have dropped, The daily express also ask us what do we think should be done in this dilemma. Sounds familiar to the fuel prices (petrol/diesel) 10 years ago don’t you think.
Snippet from the Daily Express Facebook page:
- Millions of people will be afraid to turn on their heating this winter because of rip-off energy prices. Wholesale electricity and gas prices are plummeting, but the energy firms keep charging us more. What do you think should be done?
My answer to this dilemma:
Easy problem to solve this. Think about it, when a shop charges too much for something what do we do? Shop around thats what we do, we find someone else who can provide it at a cheaper price.
Although that sounds simple to the everyday person in changing energy companies one must remember your costs are in lou and contract terms apply.
I say lets step it up, Remove the ability for any energy companies to sign you to nothing more than 1 hour. No more 12 month or 24 month contracts for gas or electric. This opens the consumer up to move to the cheapest supplier at will whenever he/she finds a better deal.
Make it illegal for energy suppliers to hold you against your will with them for an outstanding balance. The balance must be taken to the reading that you left them at to the minute and be chased up as if it was an arrears for a product purchase. They must never be allowed to tie you down to them. Why? because it allows the consumer to choose freely meaning the energy supplier must provide exceptional price or service to keep you as a customer based on consumer satisfaction.
When there faced with a free internet/high-street shop to shop market they would be more inclined to keep you shopping in there store with the better price as you cant taste or sample the quality of electricity and gas. Its all the same supply just different organisation charging you.