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National Grid’s £2bn profits ‘lay bare’ Britain’s broken energy system, campaigners say
‘It is time our energy infrastructure was brought back into public ownership,’ Unite general secretary says
'A wholesale betrayal of the people and our environment'
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CAMPAIGNERS intensified their demands for energy infrastructure to be brought back into full public ownership today after the National Grid posted a 14 per cent increase in underlying profits.
The firm, which builds and runs power grids and cables across Britain, reported an underlying operating profit of £2.05 billion for the six months until September 30, surpassing £1.8bn in the same period last year.
The grid charges energy suppliers for network use. Costs are then passed on to consumers through their bills, which rose by another 10 per cent last month.
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