Assembly must act on power costs
Why is the Assembly doing nothing to address the issue of NIE having a monopoly in the Northern Ireland electricity market?
Customers have no option but to put up with these hikes, having no alternative supplier.
When the price of fuel required to generate electricity drops (which it will do at some stage due to the cyclical nature of the market), NIE will invariably pass the increased savings off as profit rather than cutting bills. Up to now, politicians have been all too happy to appear in the media proposing radical measures to ease the burden of increased bills.
While these measures are required, some long term foresight is also needed to ensure that customers get a fair deal if wholesale fuel costs come down.
The line between profitable business interests and providing good political representation has become so blurred that any foresight from our politicians is as likely as a cut in my electricity bill!