Thursday, 12 October 2017

Energy bills: Price cap won't save people's lives.

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Are energy price hikes a scandal? Or is it right that gas and electricity providers keep prices at a healthy level to provide decent returns to their shareholders and ensure big bonuses for their bosses?

If you’re an overseas investor in one of the firms that heats and lights British homes, then presumably your only concern is making as much profit as possible.

The fact is that most of the Big Six suppliers are foreign-owned. EDF, for instance, is actually part of a business owned by the French government. Meanwhile both E.ON and Powergen are German-owned while Scottish Power is actually Spanish.

Only SSE and British Gas remain under UK ownership.

By Simon Read.

Full story at Yahoo News.

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