Quote:
Originally Posted by Pauls9
But at the time they said the 18% rise in prices was essential!
Nice to know our extra outgoings are going to a good cause.
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The problem is the companies will not allow their profit margins to fall .When faced with rising materials costs most companies will try to absorb the extra cost rather than lose customers to competition ,they try to use the profit margin as a way of keeping retail prices down but with energy companies they are basically a monopoly or cartel with toothless regulation so no such competion exists
---------- Post added at 10:16 ---------- Previous post was at 10:08 ----------
Quote:
Originally Posted by STONEISLAND
What company earns less then £125 per year per customer? Its 34p per day profit just seems a lot due to volume of customers.
I also know they have to invest billions into renewable energy which will cost billions to build the infrastructure; do you think the government is going to pay? Do you think the power companies will pay? No it will come from you and I from the cost of our energy.
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34p per day profit is a huge profit margin given the volume of customers ,in fact if they are net profits they are grotesque .Any investments in renewable energy will be accounted for before the profits are announced and don't forget those investments will usually earn them money as well enough to ofset the initial investment untill it enters a profit