Live revision! Join us for our free exam revision livestreams Watch now

In the News

Tease and Squeeze Pricing by the Energy Companies

Graham Watson

10th September 2016

Is it any wonder that energy companies are perpetually under scrutiny, not least by the Competition and Markets Authority (CMA), when they engage in practices that are so self-evidently profit-maximising and likely to disadvantage some of the most vulnerable in society?

In this instance, suppliers welcome customers with one year deals and then, if they don't renew or change them, default them onto higher tariffs. Legal? Yes. Moral? No. Profit-maximising? I couldn't possibly say.

And the worst offenders? The so-called 'Big Six' it would appear.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.