The posts with the highest viewing figures so far have been the ones regarding the means by which that famous Spanish company ScottishPower extracts extra money from its customers to pay for its chairman's well-deserved salary. If you missed them you can catch up here and here.
The trigger for those posts was the realisation by the folk at CATS (shiny new site) that SP had been extracting a little bit extra from their customers to pay for "government obligations". At that time the supplement was 6%. Well they just got a bit greedier, as we can see below.
Retrieved from here on 30th August 2011.
The "obligations" part of the bill is not laid out in plain sight, but is amalgamated with VAT. Although the Standard Rate of VAT went up to 20% on 4th January, the rate applied to energy supplies remained unchanged at 5%. So the amount charged by SP for this highly dubious impost has increased from 6% to 7%.
SP quite rightly came in for a lot of critcism lately by being the first of the big power generators to raise its prices in the summer. For electricity the increase was 10%. This was because "Wholesale prices for gas and electricity have increased significantly since the end of last year...".
Really? Let's have a closer look.