In the News
Energy Oligopoly and Profits of the Big Six
12th March 2017
If you want the best deals in the energy market, shop around. However only 15% of customers actually actively engage with the market to switch suppliers, leaving the remaining customers vulnerable to the market power of the leading firms in the sector.
The Guardian has greater detail here as to how the 'Big Six' energy firms have profited from privatisation to the extent that some people think that they've overcharged loyal customers, that is, those customers who've never switched supplier, by up to £2bn per year.
The companies, though, might complain that other retailers who benefit (i.e. exploit) consumer loyalty aren't monitored as closely as they are.
You might also like
Fermenting Nicely - The Rise of Microbreweries
31st August 2015
Small Is Beautiful - The Rise of Craft Brewing
1st January 2016
The Kinked Demand Curve
Topic Videos
EU Blocks Takeover of O2 by Hutchinson
12th May 2016
Introduction to Market Structures (Online Lesson)
Online Lessons
Should the Drax Power Station subsidy be cut
24th February 2023