Natural Gaz price hits a ten year low

Pritchard slashes 2012 price outlook, 2013's price call 

The price of natural gas — which consumers use largely to heat their homes — fell 6.8 per cent to US$2.49 on the New York Mercantile Exchange on Tuesday.

"As a general rule, when the commodity prices are lower, utility bills trend down over time," said Timothy Egan, president and chief executive officer of the Canadian Gas Association.

"It's not going to vary month to month. The utilities are revisiting this according to formulas that they've got in place with regulators."

Article can be found here Winnipeg Free Press

Unregulated household retail operating french companies are raising prices once more.... despite getting a retroactive ressource price reduction Gazprom just handed over of at least 10%. UK regulated Utilities Companies have just decided broadly a significant retail price reduction.

The french water companies Veolia, Suez and Saur which households retail operations are also unregulated, are under an EU investigation for fraud and it is expected to see the unregulated french market of household gaz and electricity retail operations to follow as the lack of transparency raises.

Do u expect a full scale fraud investigation to be lauched over GDF and other gaz retailers since it appears they are not acting in their ressources buying in the best interests of consumers at the lowest prices but put their industrial, drilling and production business or power generating business ahead of their interests into their household retail businesses that should be regulated, rather than fighting for the consumer?

Guess what, right now, I m under the impression the french retail consumer is through the bills, funding an outrageous proportion of the investments and capital needs to operate what should be the unregulated business of these companies. The shareholders do not want or can't fund appropriately these companies without going on the market diluting themselves...and use with the assistance of state intervention in most cases the unregulated energy retail french market to fund the capital needs the investments the comapnies need.  Let's say that compared to that...financial capitalism and subprime mortgages securitization are T Bills and Community Bank term deposits...?

The EU has a credibility problem and need to act to end such practice.