The Reason Why Domestic gas Prices Still Really At High Level?

Wholesale energy prices increased significantly from December 2007 as oil prices climbed steadily all year long eventually peaking at $147 barrel in July 2008 (Some 'experts' were predicting that oil would hit $200 dollars a barrel right at the end of the year). The impact of the "credit crunch" drove oil prices down to below $60/barrel towards the end of the year, less than half of their peak in July, and Gas and Electricity prices soon followed.

 

 

Suppliers argue that in 2008 when prices started to rise they did not pass on the increases straight away, but British Gas raised gas prices by 35% and electricity prices by 9% in 2008 just 6 months after a 16% increase - the only decrease we have seen so far since is a 10% reduction.

 

Suppliers argue they may have 'brought' energy in advance at higher prices. Each of the 'big 6' suppliers are vertically integrated and many them have enough power generation to protect their supply businesses so they really don't have to buy from the current market regularly (although retail will argue they are doing).

 

While suppliers cannot adjust their prices each and every day for household / domestic supplies like they will and do for any commercial sector mainly because of the numbers involved, they have got had a great deal of opportunities over the past year to pass on a lot of falls.

 

Exactly what is the betting that suppliers cut their prices with a token percentage after winter 09/10 when they have maximised their profits. Know more about Erdgas Vergleich Anbieter online hier finden