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Re: The energy crisis
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Originally Posted by nomadking
Sometimes it's the suppliers, of the suppliers, of the suppliers. The producers of gas, sell it to the electricity generators, who sell the electricity to the domestic suppliers.
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Quote:
Originally Posted by Qtx
It wouldn't surprise me if ultimately many of the companies involved are owned by one or two companies or people ultimately if you follow the cookie trail back all the way.
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Quote:
Originally Posted by nomadking
So what? They are still separate companies, where one is not allowed to subsidise the other.
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https://www.thetimes.co.uk/article/f...10970b50ba7ce3
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Shell props up UK energy supply arm with £1.2bn as prices soar
Shell has been forced to support its UK supply arm, which has more than a million customers, with £1.2 billion worth of financing amid the “unprecedented” rise in energy prices.
The FTSE 100 energy giant has extended capital and loans to its subsidiary Shell Energy to help bolster its finances after losses widened last year.
Shell has contributed £237 million so far this year and will provide a further £288 million injection next year. It also continues to provide the retail arm with a working capital loan worth £680 million.
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