Tuesday, 12 July 2011

Cheaper Power to the People? UK Consumers Fight back over Energy Price Rises

Hot on the heels of the news Ofgem, the energy watchdog, is to investigate the “Big Six” energy companies over possible “cartel behaviour” in their pricing strategies, and the uproar that followed the announcement British Gas is to increase prices even further, is news of a new web service empowering consumers to show they can fight back against the pricing strategies of the energy corporations.

Giantclient.co.uk is a new “Social Utility” using social networking to enable consumers to join together creating a “Giant Client” that will use their collective strength to drive down energy prices.

Said Mark Lawfull co founder of giantclient.co.uk “It's clear to us that energy consumers have been paying not only for the huge profits and dividends earned and paid by the energy corporations, but also for the spin off industries, the comparison and switching companies.”

He went on to say: “Energy provision is and should be a service provided to the public, not a private profit making industry. We aim to give the consumer a platform to negotiate energy prices on a level that will make these companies take notice of their voice.”

The Giant Client social utility aims to gain 10,000 members to “Grow the Giant” as they put it, and will then use their business contacts to negotiate “the best energy prices available in the uk”.

“10,000 is just the start, just the proving ground” says Mark. “There is no reason why every household in the UK can't become a Giant Client member and effectively renationalise the energy industry.

“Anyone unsure about the concept should take a look at the financial statements on the websites of any of these giant corporations, the money made out of energy is incredible, wholesale prices may have gone up, but you can see that British Gas increased their dividend payment by 12 % last year.”

Giant Client officially releases their new website (www.giantclient.co.uk) on Monday July 11th.



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