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Originally Posted by Jaymoss
I hate capitalism and the open market. Share holders get their butts kissed while the customers get their butts......
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The rise in profits came from the company's nuclear and oil and gas business, rather than from British Gas. The supply business performed much worse.
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So much for shareholders doing well,
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Mr Cox, who used to work at British Gas, said that the firm had stopped paying a dividend over the past few years as it "didn't have the money" to do so.
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Many of British Gas' rivals have gone bust over the past year, as they struggled to pass on soaring gas prices to customers. At least 30 energy companies have stopped trading in the UK since August 2021.
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Lucky for us there is an open market.
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Britain paid the highest price on record for electricity in London last week as the capital narrowly avoided a power blackout, it has emerged.
National Grid paid £9,724 per megawatt hour, more than 5,000% than the typical price, to Belgium on Wednesday to prevent south-east London losing power.
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They said: "We were bidding in a tight market and market prices were high that day because Europe also wanted the energy."
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How else do you decide who gets the energy? Draw straws?
