Skip to main content
Energy network companies rake in over £4bn in excess profits
An online energy bill

ENERGY network companies have raked in more than £4 billion in excess profits from the cost-of-living crisis, research by Citizens Advice reveals today.

The firms, which provide pipes and cables to households, amassed the extra cash over the last four years.

Regulator Ofgem sets price controls for the firms, which are monopolies with no competitor, and the charges are added onto household bills.

Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
The Meta logo is seen at the Vivatech show in Paris, France,
Britain / 18 April 2025
18 April 2025

'Turning the migrant crisis into a marketplace'

People take part in an anti-Trump protest in Trafalgar Squar
Britain / 18 April 2025
18 April 2025

US president suggests he may embark on a state visit

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
A general view of a central heating thermostat
Editorial: / 20 February 2025
20 February 2025