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British Gas reports record £969m profit after price cap increase
(www.theguardian.com)
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this post was submitted on 27 Jul 2023
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It really is astonishing they've all been able to get away with these excessive profits. Ofgem has been hopeless!
It's not astonishing, it's calculated. Listen to the media when doctors ask for a pay rise. They're told they're being greedy and that it's "not reasonable" to ask for £20 an hour.
Meanwhile the billionaires think that it IS reasonable to put up energy bills 200%+ and increase food prices beyond anything seen in previous generations.
I do agree, but this is why we have a regulator. They approved loads of new energy companies that would have failed stress tests, which we're paying for when they all went under and they should be setting a reasonable price cap.