Quote:
Originally Posted by nomadking
The parent companies earn money from all around the world, and from various activities. Any profits the parent companies make, do not belong to the supplier companies, unless the profits are from the supplier company. If would be unfair competition, if a large multinational could use profits from elsewhere to undercut their competitors.
So they are all working in concert? What supposedly massive profits are the supplier companies making?
Octopus 2021 £85m LOSS.
SSE/OVO 2020 £7m LOSS
EDF 2020 £154m LOSS
During the height of covid, in one US oil market, the price was negative, ie they would pay you to take the oil. Not always a reward.
And Germany is looking at adding a 500 or 1,000 Euros annual levy.
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Well Octopus seem to moving ahead in increasing their share of the UK energy supply market, so they must see it as a market worth being in.