Latest editorial
20 companies rake in £483bn since energy bill crisis, research shows
Energy Security and Net Zero Secretary Ed Miliband during a visit to the Siemens Energy turbine factory in Hull to launch the clean power 2030 action plan, December 13, 2024
JUST 20 companies have made a staggering £483 billion in profits since the start of the energy bill crisis, while thousands live in cold, damp homes, fuel campaigners have warned.
The End Fuel Poverty Coalition, which tracks companies such as Equinor, Shell and British Gas, reported yesterday that the firms raked in £9bn in profits this year and posted another £77bn of interims.
Recent Ofgem price cap changes have also let suppliers take an additional 11 per cent in profits on every standard variable tariff, the coalition said.
More from this author
CEREN SAGIR reports from the CND fringe meeting during the Labour conference, where speakers slammed a system where £99 billion nuclear arsenal replacement costs are ring-fenced while the two-child benefit cap remains
