how can british gas justify putting prices up 71% in a year?

Question

and why is it always "passed on to the customer" cant they cut some of their own costs or directors salaries ?

Answer 1

Greedy shareholders.

I remember when this was done. I remember the selling off of the utilities under Thatcher. At the time the government was warned that we would face much higher prices due to under investment as the profits were distributed to shareholders and not re-invested.
No one listened - Same old Same old

Answer 2

Remember, you voted for the Thatcher government who privatised every thing.

At British Gas the directors soon raised their pay 10-fold and there are now thousands of shareholders who expect higher profits every year. Where do you think all that will come from?

Incidentally, I just heard that gas prices are going up another 12.5%

Answer 3

nicely i'm all electric so fortuitously have not got any gasoline, yet i'm specific that my business enterprise EON would be putting up expenses any day now for electric nicely into double figures. we've all had a number of massive rises over the previous few quarters yet human beings stored quiet approximately it because of fact as long as their residing house expenses have been going up, they felt rich. Now the economic equipment is sliding into recession it is only yet another kick interior the tooth for the wide-unfold public. Already hundreds of pensioners die of hypothermia interior the united kingdom each 300 and sixty 5 days (interior the 4th richest united states of america interior the international). God knows what share will die this coming iciness. confident, sparkling coal fired stations like the jap have would be super interior the relative short term (following couple of many years) yet we would desire to devise to get off fossil fuels after that - although I hardly think of our short term numbskull politicians or self serving capability companies are as much as the interest.

Answer 4

It seems to me they really don't have to justify anything, just like the BBC don't really have to justify the TV license, and BT don't really have to justify their ridiculous line rental charges and stingy broadband packages. I don't like it any more than you do, but what can we do?

I will get rid of my TV, buy solar panels and a windmill, and go back to ntl. Just as soon as I can buy my own house. By then we will all probably be living in domes under the sea!!!!

Answer 5

oil hasnt changed price wise....they call the increase a fear tax its a tax for hey just in case something happens. like the guy in korea that bought up like million dollars in gas bonds then shot a missile out in to the sea so the price would go up and then he sold them for like a billion. the price is controlled by important people who invest in gas then want to sell and rule the universe

Answer 6

my electricity bill has gone from 25 pound a month to 90 pound a month!!!

i dont use that much electricity surely!! i only make 120 pound a month so looks like im going to be hungry for a while now

Answer 7

Because they have made us too reliant on them. It's our own fault for getting trapped in consumerism, it sounded good to begin with didn't it? but now it's kicking in. That goes for all the other big corporations too.

Answer 8

Gas and enegry prices are soaring my friend ... they're just passing this on to you, the consumer ...... gas prices have doubled, yur bills haven't ... so it's not all bad!

Answer 9

Corporate greed, it's allowed in London apparently.

Answer 10

amazing... This company seems to be able to keep the price down so why cant other companies

www.telecomplus.org.uk/911000