Energy Logic

Energy companies make 4% profit, supermarkets 5%.  Energy companies rip you off, supermarkets save you money.

Energy companies are to invest their profits in billions of pounds of new generating capacity every year, but energy prices are to be frozen even if energy costs go through the roof.

Energy companies are told they can’t build gas storage even though the UK has only 15 days stored gas compared with France and Germany who have 90 days.

Energy companies are told to buy gas on the expensive spot market if there is a shortage  due to lack of storage but they won’t be allowed to charge more.

Energy companies are asked to invest in expensive green energy putting up the cost of electricity for which they’ll be given a subsidy. This will be paid by the taxpayer in their energy bills, but bills won’t go up, so the taxpayer will pay.

Tax thresholds and council tax freezes have saved around a £1,000 a year yet the energy freeze is said to save around a very small £60 for a town centre house.

Energy companies make 4% profit, supermarkets 5%.  Energy companies rip you off, supermarkets save you money.

 

 

 

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