Energy giants rake half a trillion in profits while households’ bills go through the roof
https://www.mirror.co.uk/money/energy-giants-rake-half-trillion-34966891
Posted by BestButtons
Energy giants rake half a trillion in profits while households’ bills go through the roof
https://www.mirror.co.uk/money/energy-giants-rake-half-trillion-34966891
Posted by BestButtons
13 Comments
In summary:
> Energy giants have raked in more than £500billion in profits in the past five years as millions of households have battled with sky-high bills, according to new analysis.
> Researchers from the End Fuel Poverty Coalition examined the accounts of firms ranging from oil heavyweights and producers, through to those distributing power, as well as household suppliers. The **20 companies have made £514billion between them since 2020, including £115billion last year alone**. The figures take in the companies’ profits worldwide, and not just in the UK.
> Centrica, owner of British Gas, made nearly £1.6billion profit last year, although the figure was down from £2.8billion in 2023. According to the research, Centrica has made £9billion since 2020. Oil giant Shell has made almost £92billion profit globally in the past five years, including £18.7billion last year, the analysis found.
Note that these are worldwide profits, not UK only.
Meanwhile our pretend “socialist” leader, does absolutely nothing
We are living in a country that is continuing to rip us off big time.its no good starmer saying wages have risen because mine havent
When is the revolution starting, like seriously? We are being shafted by rich elites constantly, but the average Joe down the pub thinks it’s all trans people and foreigners that are the problem. It’s a joke.
It’s crazy we have the technology to track down the headquarters, then loot and destroy but no one dares to do anything
If millions of people all underpaid by £50 what would they do?
This is why they should be nationalised again. Bills can be lowered and any profit can go back into making the service better!! Ffs. Stop privatising our country
Lowering energy costs would be the biggest win the current government could get in growing the economy. It’s is crippling everything. A colleague was telling me a few days ago that a friend of his owns a pub. His energy bill has gone from something like £25K a year to £250K a year over the span of 3 years. Absolutely insane.
I’ll say it again. SOLVING THE ENERGY CRISIS WILL FIX THE ECONOMY
1) take big loan
2) buy shares in energy companies
3) ??????
4) Profit
I’m turning everything off this summer, no heating, cold showers, might be able to eat that way!
Deadly serious here, has Labour done a single thing since coming into office to help the working class?? It seems to be negative after negative for the general public.
God I need another coffee, I initially read that as Energy drinks giants
>Energy giants rake half a trillion in profits ~~while~~ **BECAUSE** households’ bills go through the roof
Fixed your shitty headline.