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British Gas' annual profits soared more than tenfold to £751m in 2023 from £72m in 2022, its parent company Centrica announced in its preliminary results published on Thursday.
Yet nearly half of households find themselves unable afford their current energy bills.
Privatisation
Conservatives to blame for all the utility nonsense
:thumbup:Quote:
Originally Posted by SLUDGE FACTORY
Agenda 30.Quote:
Originally Posted by TWGL1
Just old fashioned privatised utilities greed backed by a complicit government and a friendly opposition!Quote:
Originally Posted by Wales-Bales
You won't get me arguing the case for our profligate and incompetent utility companies, but in regard to BG's profit that does equate to just over £1 per week per UK household [they supply 12m]..Quote:
Originally Posted by jon1959
OK - but I don't think there should be any profit with essential utility companies. Any 'surplus' should be reinvested in the infrastructure or used to reduce bills (along with central government subsidies and more support for low income households).Quote:
Originally Posted by A Quiet Monkfish
It should not go to shareholders (even the institutional ones like pension funds). It should be nationalised and run as a public not private organisation. Same for all the main transport companies and other utilities.
But my main point was to rubbish Gluey's 'Agenda 30'.
No need for made up shadowy conspiracies when old fashioned capitalism is doing the job!