Re: Energy firms' profit margins soar
 

Are we really suprised they fleecing the country.

While the government let them burn this country they more interested about royal decendency to the thrown than sorting this country out.

Give the regulators some serious power to confiscate half there profits return it to the customers they fleeced.

Re: Energy firms' profit margins soar
 

They're not fleecing the country ,they are taking advantage of a lack of regulation and a virtual monopoly ,any business in their position would do the same .

Re: Energy firms' profit margins soar
 

You are getting to sound like a politician or a spokesperson for the energy industry. :D

It doesn't matter how you word it we are getting royally shafted, and have been for a long while.

Re: Energy firms' profit margins soar
 

i didn't say that what they are doing is right just understandable ,petrol suppliers ,water companies and the worst one of all imo is the insurance companies they are all at it ;)

Re: Energy firms' profit margins soar
 

Agreed 100% :)

Re: Energy firms' profit margins soar
 

Slightly off but basically big companies cashing in again:

What's a rent-a-roof scheme?
'Free' solar schemes, also known as rent-a-roof schemes, are run by companies eager to cash in on the feed-in tariff. For example, the following companies all currently offer rent-a-roof schemes: Sainsbury's Energy,British Gas, Eon, Homesun, A Shade Greener, Freesource Energy, Isis Solar, Sunshare and more.


Read more: http://www.which.co.uk/environment-a...#ixzz1amThqKbh
Consumer Champions Which?
Under Creative Commons License: Attribution Non-Commercial

Why would the government let these companies cashin on these schemes?

Re: Energy firms' profit margins soar
 

I don't think it's understandable, putting aside the fact people have been hung for profiteering in times non to distant, how thick are the people running these businesses? Being so blatent might increase profits for a year or two but if they'd been a little more subtle they could have got away with it forever, their greed will lead to the regulator killing the golden goose with luck.

Re: Energy firms' profit margins soar
 

I don't think things will change much at all. Next to fuel, gas and electricity must be giving the government the biggest return in taxes, so they are not going to give that up too easily. How on earth did they get away with putting gas up by 18% and nothing said by the government and Ofgen, oh yes, they did play lip service to the rises but that is all. All that was said it that it will cause inflation to rise, the fact there was not a cap put on the increase considering the current climate is unbelievable.

It may be the case that all the politicians hold many shares in the energy business so they want to make as much money as they can while we all suffer.

Re: Energy firms' profit margins soar
 

hit nail on head they propably making a mint which effectively they part of the cartel so wont do nothing while MP's party to the big fiddle this country burns.

The utilities since privatisation just vehicle to make a section of rich more richer on stock market but to hell with who its trampling on small businesses/poor/low paid/sick/elderly increasing going into serious financial difficulty. I think the regulators deliberatly weak as many politition rake it in.

Thats why there demo's the government wont do nothing they part of the corruption of this greed vehicle called capitalism. It worked to degree but they got greedy went too far they not just happy with big profits they want the shirt off your back. Its about time its all now controlled they had the goose its about time they got the fury of the people.

Give people back there money/jobs get government who not frightened take the banks, utilities, industry.

Re: Energy firms' profit margins soar
 

Really - can you back that statement up, or may it be the case you are making it up?

Re: Energy firms' profit margins soar
 

Putting things into perspective, I think the average annual energy bill is around £1350, which makes the net profit nearly 10% (which seems high) when £15 is around 1% which seems ridiculously low. I'd guess that the true number is somewhere in between, but probably quite a bit higher than needed.

Re: Energy firms' profit margins soar
 

Companies with shareholders are ultimately responsible to their shareholders, and thus profits must be "adequate" or the shareholders will sell up and try elsewhere.

Whilst bank depositors receive such minimal returns during this extended period of bank recovery (and then taxed on their returns), shareholders expect much greater returns and are therefore very fickle on whether they stay with a company or leave it like rats off a sinking ship.

So companies of every ilk are desperate to keep their investors happy, and that means increasing profits and dividends, fuelling inflation which devalues their investors' profits, so greater and greater demands are placed on companies to increase income further.

And it's us at the bottom of the pile who pay the price! :mad:

Re: Energy firms' profit margins soar
 

Exactly.:(

Re: Energy firms' profit margins soar
 

I said "Maybe" not that they all had shares, so there is nothing for me to prove. I certainly didn't make it up as it is a possibility, and maybe, it is for other to prove that they have not.

Re: Energy firms' profit margins soar
 

erm, no...

Basic debating 101 - the proposer of a position provides proof of his statement, which can then be debated; it is not for others to disprove the thesis, but to discuss the evidence.

(Maybe you are a invading space alien, who has taken on human form to help your plans to take over our planet - can you prove you have not....)