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

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

Source: The Guardian | Published: February 20, 2025, 5:00 a.m.

Citizens Advice believes Ofgem made flawed interest rate calculation for companies in Great Britain

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.

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.

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