Thursday 28 July 2022

It’s really difficult to make billions in extra profit after raising prices by 60% for millions of people, insist energy executives


Energy executives

After British Gas owner Centrica was the latest energy company to announce billion-dollar profits and shareholder dividends, energy executives have been quick to point out just how hard it is to make a profit when you only sell a human necessity and can raise prices by 60% in a year.

Energy industry spokesperson Simon Williams told us, “Some people might suggest that energy companies like BP and Shell making an extra £1,000 per second in profits while pensioners ride the bus to keep warm is something of an immoral travesty. But remember, it’s just the market forces that we love and hold so dear working their magic.

“If the market wants your granny to freeze to death this winter while energy company executives can buy a third Caribbean home to keep themselves warm, then so be it.

“No one is forcing you the buy the stuff that powers your home. You can choose to live entirely ‘off grid’ if you want to. Anyone suggesting we are benefiting from the sale of a human necessity clearly hasn’t read a history book, because humans lived for thousands of years without gas or electricity.

“Energy executives work incredibly hard in those meetings where they sit and decide how much to increase your bills. And they deserve to be well rewarded for making those decisions. As do those shareholders who were wise enough to invest in a product sold to every single household in the country.

“If you don’t like it, start your own energy company.”

Previous post:

Next post: