Monday, November 11, 2013

Big Six energy firms face investor exodus over political interference in pricing




‘Fund managers controlling billions of pounds invested in UK energy companies have warned that they are considering pulling out of the sector because of political interference in the market.

The Big Six suppliers have been heavily criticised in recent weeks over the prices they are charging customers, with Centrica, npower, Scottish Power, SSE, E.ON and EDF – many of which have recently introduced above-inflation price rises – being accused of exploiting vulnerable consumers while at the same time making huge profits.’

Read more: Big Six energy firms face investor exodus over political interference in pricing