webbo3
//Certain energy companies, why not all, cuts in electricity use, will they be turning peoples lights out.
and the big question is
what are surplus profits, how much?//
Well I’d hazard a guess they’ll set their own parameters but I’d reason it’ll be the ones who make unprecedented and hugely unexpected profits?
Obviously the link is a few weeks old.
https://www.standard.co.uk/news/politics/government-watching-unprecedented-profits-energy-companies-told-cost-living-crisis-b1017710.html?amp
/There has been widespread anger at Shell, BP and British Gas owner Centrica announcing bumper financial results while households struggle with soaring bills. Education Secretary James Cleverly said Mr Zahawi and Mr Kwarteng would “knock some heads together” when they meet energy bosses tomorrow and “hold them to account” for the profits as gas and oil prices surge, partly due to the war in Ukraine./
https://www.businessleader.co.uk/should-energy-companies-be-able-to-profit-from-the-cost-of-living-crisis/
/At the beginning of last week, BP reported underlying profits of £6.9bn for the three months to June. This is the second highest figure in its history and more than triple the amount it made during the same period in 2021. This meant their half-year profits rose to $14.6bn (£12.2bn).
Meanwhile, Shell reported second-quarter profits of £9bn.
During the same week, Consultancy Cornwall Insight said the typical gas and electricity bill in England, Wales and Scotland could reach £3,615 in the new year, which is hundreds more than previous predictions. However, in their latest energy forecast, the average bill is now expected to reach £4,266 in January.
As energy bills are expected to rise even further, the likelihood is that additional profits for energy companies will follow. But is this morally right during a time where households and businesses across the UK are struggling to make ends meet?/
Seems fair in such troubled times? Or do you prefer the Truss plan to load it all onto us and our children instead, whilst squeezing the NHS even more as they look to ‘trim the fat’?