HOMEOWNERS SUFFERING FROM ENERGY PRICE “ROCKET AND FEATHER EFFECT”
Homeowners seem to be suffering from the “rocket and feather effect”, which means that when wholesale gas prices rise energy companies are all too quick to pass on the full cost but when they fall they come down very slowly, with energy companies pocketing the difference. That’s according to the Building & Engineering Services Association (B&ES), who say the absence of any meaningful price reductions has laid bare the cynicism of energy companies, with figures showing that households are being charged at least three times the price they pay for gas.26 February 2015 – Homeowners seem to be