Well, Chris Huhne is living in a fantasy world, at any rate. This idea of shopping around was his sole answer when British Gas first announced their eye-wateringly large increases in prices, a couple of months ago.
Problem is, that competition does not work to drive down the prices, at least when it comes the power utilities, because those who have control of the production are able to quote pretty much whatever price they want, since the demand for Gas and Oil worldwide is so great. So, his argument is rubbish.The regulator has so far proven to be a largely toothless watchdog, decrying the rises but seemingly unable to control them.
Add to that the crisis last winter where the demand for gas was so great that it threatened to outstrip the Uk gas storage capacity, and it is difficult to see where the consumer has benefited from the privatisation of utilities. Where once we had regional boards of supply, we now have 6-7 private companies, all paying staff for sales, telesales, customer service and marketing, paying large salaries and bonuses to their board of directors, and with a primary obligation of generating a return for their investors.None of this seems likely to improve the position of the UK consumer.
As a domestic consumer, I cannot say that I have seen any improvement in the service, quality and price of the utilities I am supplied with since the utilities were privatised. Seems to me that a powerless regulator and a bunch of rapacious private companies controlling our utilities is a recipe for a future of price rises.