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Re: Rising cost of living
Gish-galloping at it’s finest…
https://12ft.io/proxy?q=https://www....a-ebd462f4142b March 2022
Quote:
Gas and electricity networks top UK profit margin rankings
Soaring energy bills and power blackouts raise calls for greater scrutiny of regional monopolies
UK gas and electricity distribution companies have higher profit margins than any other sector, prompting calls for intervention at a time of soaring energy bills and frequent electricity blackouts in parts of the country.
The regional infrastructure monopolies whose pylons and cables carry electricity from power stations to end users are achieving operating margins of 42.5 per cent, according to analysis by industry research provider IbisWorld, while gas distributors are earning 40.5 per cent.
The margins, which come before tax and financing costs are deducted, outstrip those in more than 400 other sectors including private equity at 32.5 per cent and commercial real estate at 33.4 per cent, according to IbisWorld.
High operating margins enabled the regional electricity networks to pay out £3.6bn in dividends to their owners between 2017 and 2021, with gas distribution networks distributing £2.4bn to theirs over the same period,
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Quote:
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Ofgem said in its state of the market report in 2019 that “the overall costs of the transmission and distribution networks to consumers . . . have turned out to be higher than they needed to be” and that “the majority of network companies are achieving profit margins towards the higher end of our expectations”.
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There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it.
If my post is in bold and this colour, it's a Moderator Request.
Last edited by Hugh; 31-07-2022 at 01:07.
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