'Energy price hikes are a hard pill to swallow when providers can cope with price fluctuations'

Business

The last thing families want this winter is to pay even higher fuel bills . Unfortunately, that will happen after Ofgem raised the energy price cap for the second time in less than six months. The regulator claims the hike reflects rising wholesale prices. This is hard to swallow when oil and gas companies can easily cope with the fluctuation in prices. In the last year, these companies have reported record profits, with Shell and BP between them making more than £32billion. At a time when so