It really is astonishing they've all been able to get away with these excessive profits. Ofgem has been hopeless!
this post was submitted on 27 Jul 2023
70 points (98.6% liked)
United Kingdom
4060 readers
354 users here now
General community for news/discussion in the UK.
Less serious posts should go in [email protected] or [email protected]
More serious politics should go in [email protected].
Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread.
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
founded 1 year ago
MODERATORS
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.
Just to put this into context for some people:
The UK’s biggest energy supplier reported profits of £969m for the first six months of 2023, up nearly 900% from £98m in the same period last year.
Profits up nearly 900%. Fucking disgusting.
Almost £900m taken from people's spending power. Money that could have been used to make lives better, like higher quality food, holidays, housing, transport.
It's not even "higher quality". This profiteering is forcing British families into severe hardship. We have something like 2 million children living in poverty. All while some foreign corporation is ringing the cash registers.
We should fine these arseholes (all the profiteering energy companies) for the amount of profits they made since the start of the pandemic. Then put them in public ownership.
It may not mean much but I am switching supplier away from them tomorrow. This is the company that was forcing their way into the homes of people on their arses and installing pre paid meters that cost much more per kwh, not to mention just how sickening this is - "heating or eating" should never have been a thing. Cunts.
Oh the multiplication effect is so interesting