I am so angry that energy providers are once again hiking up prices to bail them out because oil prices have gone up, especially the major players. We are all taught to budget and put money away for a rainy day. Well this is their rainy day.
British Gas profits rose to £172m for the first six months of 2020, from £78m in the same period in the previous year. They can’t expect to have a good year but not be prepared to dip into that profit if things are tight the next year.
The major energy providers should be made to cap their profits and pass on the excess to customers. With all energy bills rising by a considerable amount this year these companies should not be able to profit when customers are struggling to keep their homes warm.
Ofgem staff have shared a bonus pot of more than £1million, as households prepare to face a huge hike in energy bills. The reward was £150,000 more than the previous year, according to the watchdog’s latest annual report. (According to The Mirror 3rd August 2021)
This is a disgrace and unfair to customers, please help by signing my petition https://www.change.org/capenergysuppliersprofit