More power suppliers are needed
Published 02/12/2008 | 07:12
We were told that the rising cost of gas, home-heating oil and electricity was linked to the cost of crude oil. When the oil price went up, prices were instantly increased.
Although a barrel of crude oil is significantly lower now, gas customers have seen a rise of more than 33%. Phoenix Gas says it had to buy in stock at the higher price, yet surely home-
heating oil must be stored also, yet the price for the consumer fell almost immediately crude oil prices dropped.
In Ulster we lose out by having only one supplier of gas and electricity. Where are the other suppliers who want to invest in this lucrative market?