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Oh well, we don`t mind getting ripped off year after year do we. After all, don`t forget how lucky we are to have those very nice Ofgem people looking out for us.
Where on earth would we be without them? err.....probably better off actually!
I note that the Ofgem mantra is ( now don`t laugh ) " Promoting choice and value ". I suppose it could be argued that we do in fact have a choice, of sorts, in which Company we wish to be fleeced by ( unless they mean the choice as to whether or not to actually switch the gas on etc? ) and perhaps they`re still working on the "value" side of things.
However, whilst I`m not too sure as to who funds this waste of space outfit, be it the good old taxpayer or the industry itself ( probably the former! ) I do note that it`s Staff and Admin. costs during the last financial period amount to in excess of £50 mill. There are also at least 35 mega paid head positions within this group.
If this outfit is not classed as a "quango" then it should be, and done away with asap. Any "regulating" can be done by clobbering "excess" profits through taxation.
I`m sure somebody will tell me if I`m missing something here!
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