Gas and Electricity bills should be cheaper because of oil prices

The video discusses the criticism faced by the big six energy suppliers for not passing on wholesale price drops to consumers, costing them billions. It highlights the energy providers' focus on profit over obligations like home insulation. Ofgem, the energy regulator, is also criticized for suggesting consumers make lifestyle changes to save money. Campaigners argue that Ofgem should pressure energy providers instead.

What is the main criticism against the big six energy suppliers?

• They have invested heavily in renewable energy.

• They have not reduced bills enough despite lower wholesale prices.

• They have increased energy bills.

• They have provided excellent customer service.

What obligation have energy companies failed to fulfill according to the transcript?

• Reducing carbon emissions.

• Offering discounts to senior citizens.

• Providing free energy audits.

• Insulating homes.

What is Ofgem's role in the energy market?

• To regulate and hold energy providers accountable.

• To build energy infrastructure.

• To set energy prices.

• To provide energy to consumers.

What kind of advice did Ofgem offer to consumers?

• Install solar panels.

• Switch to a different energy provider.

• Make lifestyle changes to save money.

• Invest in renewable energy.

How did campaigners react to Ofgem's advice?

• They ignored it completely.

• They criticized it for not addressing the real issue.

• They praised it as helpful.

• They implemented it immediately.