Skip to main content
Donate to the 95 years appeal
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.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
Supporters outside Westminster Magistrates' Court, London, where Stop the War Coalition Chair Alex Kenny and CND general secretary Sophie Bolt are due to appear charged with a public order offence during a pro-Palestinian rally in London on January 18
Britain / 31 July 2025
31 July 2025

Supporters gather outside court as Palestine protest organisers pleaded not guilty to charges

A general view of a Prison
Prisons / 31 July 2025
31 July 2025
A homeless person asleep on the street beside the entrance to Westminster underground station and in the shadows of Big Ben and the Houses of Parliament in central London, July 19, 2024
Housing / 31 July 2025
31 July 2025
Similar stories
Unite members take part in a day of action for Energy4All in
Britain / 1 April 2025
1 April 2025
Energy giants rake in half a trillion pounds out of people’s misery, campaigners warn
Britain / 19 August 2024
19 August 2024
by Ceren Sagir Social affairs reporter