“Not fair” to tar energy with the same brush as banking

It’s “not fair” to draw comparisons between the energy and banking sectors according to CEO and founder of Good Energy, Juliet Davenport. In an interview with ELN this week at […]

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It’s “not fair” to draw comparisons between the energy and banking sectors according to CEO and founder of Good Energy, Juliet Davenport.

In an interview with ELN this week at the Energy UK conference, she responded to Ed Davey’s suggestion that suppliers faced a “Fred the Shred moment” over the recent round of price hikes: “We saw a lot of activity in the banking industry that caused a lot of the issues around 2007/2008 and were related to activities that were not lawful.”

She continued: “I don’t think you can compare some of the things that happened in the US, some of the things that happened in sub prime, to what’s happening in our energy market. That is not fair.”

Mrs Davenport said politicians understood that “trust is gone” and called on them to help put customers back at the heart of the energy market by setting the agenda for debate.

In a recent survey by Which? the energy sector beat out even banking, to take the title of consumers’ least trusted industry.