Consumers are being hit by excessively high gas and electricity prices, Tesco has said, as it criticised Ofgem, the regulator, for not going far enough with the inquiry into energy markets it published this week. Tesco feels that companies are paying too much for their energy, and is trying to drive its costs down as it and other retailers compete to cut prices. Britain’s biggest retailer says the gas and electricity prices paid by businesses in the wholesale market are higher than would be justified by the price of oil.
www.ft.com
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