Reply to post: Re: Any word who trousers the cash?

As pressure builds over .org sell-off, internet governance bodies fall back into familiar pattern: Silence

Jellied Eel Silver badge

Re: Any word who trousers the cash?

Perhaps its successor PPI = Producer Price Indices?

I think it'd be less confusing to consumers if it was just called 'Profit Percentage Increase'. Especially if costs are falling, but that's the joy of indexing contracts. So Ethos and/or a 10%+ allowable price increase. Make that say, 7% and say how wonderful you are by saving people 3%. Then award large pay rises and bonuses, and trebles all round!

What is pretty much a certainty is consumers won't benefit, eg the UK's glorious energy 'market', where wholesale electricy prices have fall, yet bills keep rising. Indexing supplier rates just makes that a certainty, despite the existance of things like the 'Low Carbon Contracts Company', which is meant to let consumers share the profits. Oddly, that's never happened, or likely to happen. But such is the wonderful world of rent-seeking..

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

SUBSCRIBE TO OUR WEEKLY TECH NEWSLETTER

Biting the hand that feeds IT © 1998–2020