If ever there was an unelected Quango that has clearly failed to act on behalf of consumers and lower electricity and gas bills, this is it.  Costing you and I on our bills around  £xxm a year to run and creating red tape on industry and business to a cost of £xxxm. 

Why is this idea important?

Wholesale gas and electricity prices have fallen over 2008/9 and the savings were not passed on.  The best that Ofgem could do was publish the odd letter and do a bit of analysis!  Ofgem is unelected and clearly not effective by any measure.  This is one of the easier cuts to make. 

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