Energy network owners have made £3.9bn from higher... The Guardian

Energy network owners have made £3.9bn from higher bills, says report

The Guardian February 20, 2025

<p>Citizens Advice believes Ofgem made flawed interest rate calculation for companies in Great Britain </p><p>The companies behind Great Britain’s gas pipes and power lines have pocketed a windfall of nearly £4bn from household bills during the energy and cost crisis, according to a report.</p><p>The analysis, by Citizens Advice, argued that energy network owners were able to make the “excess profits” over the past four years after the industry regulator misjudged their costs.</p> <a href="https://www.theguardian.com/business/2025/feb/20/energy-network-owners-have-made-39bn-from-higher-bills-says-report">Continue reading...</a>

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