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  Bankers greed is contagious................
  
  Ed Davey: public trust in energy companies is breaking down
  Energy secretary says the big suppliers face a 'Fred the Shred' moment as the public sees in them a reflection of bankers' greed
  
  Ed Davey says energy companies are facing a 'Fred the Shred' moment. Photograph: Martin Argles for the Guardian
  Energy companies are facing a "Fred the Shred" moment because the public sees in them "a reflection of the greed that consumed the banks", the energy secretary, Ed Davey, will tell the industry on Tuesday.
  
  Davey's linking of energy companies to Fred Goodwin, the disgraced banker who led the Royal Bank of Scotland to collapse and a taxpayer bailout, raises the rhetoric of the heated and prolonged row over soaring energy bills to a new level.
  
  In a speech at the annual conference of EnergyUK, which represents the industry, he will say: "Trust between those who supply energy and those who use it is breaking down. It is so difficult for people to work out what exactly they are paying for, that they fear the big energy companies are taking them for a ride when bills go up."
  
  Full story Guardian

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