Technology

How much Is your energy provider really making?

Thousands of people in the UK struggling to pay their bills for Centrica to make billions does not feel very fair! This is why UK Radiatorsdid a little digging in their official UK accounts to see how much they are making in Post Tax Profit.

When they looked at their last five profit and loss statements, this is what we found…

  • E.ON made £3.6 Billion in the past five years
  • British Gas made £1.6 Billion in the past five years
  • EDF made £1.6 Billion in the past five years
  • Scottish Power made £1.4 Billion in the past five years
  • Npower made £1.3 Billion in the past five years

This is equivalent to 8.9 million average UK household energy bills!

According to the Domestic Energy Price report: “​​Household energy bills increased by 54% in April 2022, a record increase, and are likely to rise substantially again in October.” This adds to the ever-increasing issue of rising costs of living. In addition, the 2021 Family spending in the UK report by ONS also showed that 18% of the UK household weekly expenditure goes to housing, fuel and power, which is the highest expense all households face.

The solution to crippling #energy prices is staring us right in the face. 🌞 We just need some politicians with integrity to get us there.

We need to invest now massively in renewables and energy efficiency!