Government funded energywatch today issued a statement on energy price speculation.
Allan Asher, the Chief Executive of energywatch said in a statement, â€œScottish and Southern Energyâ€™s customers have benefited from comparatively low prices for some time. That the company is to increase its tariffs is as inevitable as it is lamentable.â€
He continued saying, â€œMajor problems with electricity generation and upstream gas supply mean the UK energy market is anything but competitive. energywatch wants a full Competition Commission Inquiry, as there has been in Europe, to fix the problems of the UK energy market.
â€œUntil the problems are fixed consumers are going to remain the victims of this market failure.â€
The statement comes on a day which saw Scottish and Southern Energy announce that its energy prices would probably increase. Although not until 2007.