Local Euro MP Brian Simpson has criticised the number of regulators for allowing gas, electric and water prices rise to record levels.  Now he wants the Government to sack the various regulators and replace them with people who will put the consumer first.

“When the public utilities were privatised by the Tories we were promised that the regulators would keep them in check and ensure that the consumers got a fair deal.  That promise looks at little thin now”, said the Labour MEP.

Energy prices to consumers have doubled in recent years and now the Water Companies are also increasing their costs by 60% in some cases.

Mr. Simpson believes that the utility companies are taking advantage of higher fuel charges to increase the cost to customers more than is necessary.

“Bills in Belgium and the rest of Europe have not rocketed like they have in Britain and yet those providers are buying in the same energy marketplace.  It would appear that only in Britain have prices gone up at an astronomical pace.  That tells me two things.  Firstly, the Regulators are not doing their job and secondly, the Private Utility Company are profiteering.  I want the Government to act on both counts by taxing the profiteers and by sacking the ineffectual regulators” said Mr. Simpson.

Ends.

12^th September 2008