Energy network owners have made £3.9bn ‘excess profit’ from higher bills, says report. Citizens Advice believes Ofgem made flawed interest rate calculation for companies in Great Britain
https://www.theguardian.com/business/2025/feb/20/energy-network-owners-have-made-39bn-from-higher-bills-says-report
Posted by Make_the_music_stop
12 comments
This link has been shared 5 times.
First Seen [Here](https://redd.it/1itqx95) on 2025-02-20. Last Seen [Here](https://redd.it/1itvkgp) on 2025-02-20
—
**Scope:** Reddit | **Check Title:** False | **Max Age:** None | **Searched Links:** 0 | **Search Time:** 0.00366s
How destroy a country economy 101
You could buy a lot of biscuits for 3.9billion, perhaps kitkats or Hobnobs, you know the good stuff.
If only we had some kind of organisation that monitors and regulates energy producers that could protect consumers … Oh, wait … 🤔
Why can’t we doing a windfall tax. This government is cowardly or having it’s strings pulled
Ofgem work for these people, not for the people they are meant to work for.
Major cock up by Ofgem, although par for the course.
Just to put this into perspective. This the annual cost of illegal immigration to the UK
https://www.gov.uk/government/publications/illegal-migration-bill-factsheets/illegal-migration-bill-overarching-factsheet#:~:text=The%20current%20broken%20asylum%20system%20costs%20the%20UK%20around%20%C2%A3,government%20and%20other%20local%20services
Edit: oh dear, people hate to be told that wealthy execs might be the bigger economic harm.
Renationalise with no compensation.
Fuck ofgem
The government probably seen the energy firm profits and thought to themselves, the economy is doing great look at these high profits. But that money came from people’s savings, disposable income and in some cases debt. We expect regulators to side with the public, not big business.
This is one of the biggest scandals of our generation. Being scalped by energy companies to the tune of billions and billions in excess profits is utterly abhorrent. I’m sure some palms are being greased to keep the gravy train flowing
Comments are closed.