Centrica, which owns British Gas, predicted its profits for the year would be at
Share and Follow

Energy companies were accused of capitalising on ‘the misery of others’ yesterday after forecasting a surge in profits.

Centrica, which owns British Gas, predicted its profits for the year would be at ‘the top end’ of expectations due to sky-high energy prices.

National Grid, which operates most of the UK’s electricity and gas supply networks, has also upped its forecast after reporting a 50 per cent jump in profits in September.

Energy companies have raked in billions following Russia’s invasion of Ukraine, with surging prices crippling household budgets.

Simon Francis, of the End Fuel Poverty Coalition, said: ‘We’re hearing stories about people being disconnected after being forced on to prepayment meters, people that are living in one room because they can’t afford to heat their houses, and pensioners going without hot meals.

‘These companies are making huge amounts of money off the misery of others.

Centrica, which owns British Gas, predicted its profits for the year would be at 'the top end' of expectations due to sky-high energy prices

Centrica, which owns British Gas, predicted its profits for the year would be at 'the top end' of expectations due to sky-high energy prices

Centrica, which owns British Gas, predicted its profits for the year would be at ‘the top end’ of expectations due to sky-high energy prices

Share and Follow
You May Also Like

“Walmart Customer Expresses Frustration Over Extended Waits for Receipt Verification and Secured Products, Leaves Empty-Handed”

A WALMART shopper has been freaked out after a run-in with a…

Deputy Sheriff from Denver Detained After Being Accused of Domestic Violence

DENVER — A Denver deputy sheriff was arrested following an alleged domestic…

NYPD Sergeants Benevolent Association Requests City Council Members to Refrain from Attending Fallen Officer’s Funeral

The president of the New York City Sergeants Benevolent Association, Vincent J.…

Do I Need Planning Permission to Replace My Garage Door with a Window?

We have an integral garage and I wish to replace the door…

If you can find the deer hiding in the woods within 8 seconds, you’ve got an incredible hunter’s eye.

YOU might have the eyes of a top game hunter if you…

“Chase Customer Outraged After Discovering $2,000 Missing From Their Account, Takes Action When Bank Refuses to Assist”

A CHASE customer has revealed that fraudsters took thousands of dollars from…

Update on Key Bridge Catastrophe—Rescuers Find 2 Victims, Bridge Structure Still Risky, Fears Regarding Dangerous Substances

We’re learning more about the tragic Francis Scott Key Bridge disaster as…

We Reported Our Neighbors for Parking in Their Front Yard; They Remained for 14 Months Despite Police Inability to Act

AN empty rental home was taken over by party-throwing squatters and police…