Well done British Gas!

Funny the supermarket chains who said they were doing everything to help us through the cost of living crisis all announced record profits in the last year too. Go figure.
 
The profits they'll be handing out are similar to the teacher pay settlement.

So that means there's a risk of pushing inflation higher, surely?
 
Fat_Dragon said:
Thing is the regulator sets the price cap so they are to blame. The current level includes a premium that allows suppliers to recoup some of last year's losses in order to prevent a potential new wave of supplier failures.

https://news.sky.com/story/british-...t-not-for-the-reason-you-might-think-12928285

Click to expand...
I dont see British Gas handing out tenners to the poorest energy users.
Dont blame regulators.
We`re being ripped off.
Nationalise all the private utilities.
1690523151781.png
1690523067882.png
 
r00fie1 said:
I dont see British Gas handing out tenners to the poorest energy users.
Dont blame regulators.
We`re being ripped off.
Nationalise all the private utilities.
View attachment 61079
View attachment 61078
Click to expand...
This news is ****, but those images are wrong

French govt originally limited its bill rises to 4% which just meant the government paid the tens of billions of losses (where do they get their money again? People will pay one way or another. Think there's been some sort of riots taking place there over the last 6 months about worsening conditions....)

The bill shield was 4% Feb to Jan, then it was upped for 15% to July and now upped 10%, this cap is due to expire in 2024 and so far cost then 110bn euros on top of the losses a caused by EDD's ongoing nuclear issues

They've still done well to protect people gradually but I see people sharing this 4% nonsense all the time

"according to the government, with electricity prices customers of EDF’s regulated electricity tariffs having risen by an average of 31% since the end of 2021."

Meanwhile our bills are forecast to go down, how old are those images?
 
ThatFragranceGuy said:
This news is ****, but those images are wrong

French govt originally limited its bill rises to 4% which just meant the government paid the tens of billions of losses (where do they get their money again? People will pay one way or another. Think there's been some sort of riots taking place there over the last 6 months about worsening conditions....)

The bill shield was 4% Feb to Jan, then it was upped for 15% to July and now upped 10%, this cap is due to expire in 2024 and so far cost then 110bn euros on top of the losses a caused by EDD's ongoing nuclear issues

They've still done well to protect people gradually but I see people sharing this 4% nonsense all the time

"according to the government, with electricity prices customers of EDF’s regulated electricity tariffs having risen by an average of 31% since the end of 2021."

Meanwhile our bills are forecast to go down, how old are those images?
Click to expand...
You might find the following useful - bearing in mind that profits have soured since these figures were published:

EDF:
www.mirror.co.uk

EDF sees UK profits rocket to £1.12bn as millions struggle to pay energy bills

This is up massively compared with an underlying profit loss of £21million in 2021, due to the rising cost of energy - but the French company made huge losses as a whole
www.mirror.co.uk www.mirror.co.uk
1690525700373.png

This is a contemporaneous set of figures.
Published 27th July 2023:

Who owns the major energy and water suppliers, and how much profit do they make?​


1690525997870.png
Read the facts by following the link below>>>>

www.standard.co.uk

Who owns the major energy and water suppliers, and how much profit do they make?

Shell recently met its expectations despite profit slumping by a third
www.standard.co.uk www.standard.co.uk
 
r00fie1 said:
You might find the following useful - bearing in mind that profits have soured since these figures were published:

EDF:
www.mirror.co.uk

EDF sees UK profits rocket to £1.12bn as millions struggle to pay energy bills

This is up massively compared with an underlying profit loss of £21million in 2021, due to the rising cost of energy - but the French company made huge losses as a whole
www.mirror.co.uk www.mirror.co.uk
View attachment 61081

This is a contemporaneous set of figures.
Published 27th July 2023:

Who owns the major energy and water suppliers, and how much profit do they make?​


View attachment 61082
Read the facts by following the link below>>>>

www.standard.co.uk

Who owns the major energy and water suppliers, and how much profit do they make?

Shell recently met its expectations despite profit slumping by a third
www.standard.co.uk www.standard.co.uk
Click to expand...
What's that got to do with EDF putting prices up in France 30% and rising when your image said 4%?

I know all about who owns what in the uk, I don't need links with symbols, word counts, video play lengths etc 😂

EDF France lost 17bn euros reported in feb, that 1.12bn profit will just mean the French tax payer picks up a little less of the bill.

You might find my first words of my post useful [TxT] <source:Thatfragranceguy> (FMTTM) Reading time {0:03} >>>>>>>>>>>>>>

"This news is ****, but those images are wrong"
 
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