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Should utility companies be allowed to continually increase prices for their ser

  1. Zubair Ahmed profile image71
    Zubair Ahmedposted 7 years ago

    Should utility companies be allowed to continually increase prices for their services?

    when year on year they boast massive profits and extortionate management  bonuses.  Just take UK for example the prime excuse for Gas and Electric prices increases is "we bought the wholesale gas when the prices on the market was high" I have personally had that excuse from my gas and electric company for the last 3 years, what does that say about procurement and overall management of that company?

    https://usercontent1.hubstatic.com/4596722_f260.jpg

  2. MickS profile image71
    MickSposted 7 years ago

    The problem in Britain stems from when the cow Thatcher sold off our property, the utility companies, to foreign investors who are now making big fat profits off of us whilst maintaining very poor service to the customer,

  3. stars439 profile image74
    stars439posted 7 years ago

    As a consumer it  would be easy for me to say that electric companies , or utility companies should not increase prices, but I really do not know if they should rightfully do it i or not because weather conditions seem to be very unstable these days, or at least the weather seems to be.
    I know for a fact that hurricanes, tornadoes, and terrible storms can easily destroy light poles, and to repair thousands of destroyed electric lines is and expensive endeavor.
    I have mixed feeling about the issue. Not only do electricians constantly have to repair damaged lines, They constantly risk their lives in terrrible weather conditions.
    It also costs money to create electric, and gasoline seems to constantly  increase in prices. Everything seems to go up when gasoline and oil go up in prices.
    With these things in mind I try to be patient to understand the ramifications of and increase in oil prices which also seems to affect everything. My guess is that the gulf oil spill will cost everyone a lot of money perhaps in many countries. At least we should be thankful we can get electric, and still buy gasoline. It is hard to understand economics in some cases. God Bless You.

 
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