Meanwhile, one customers questioned how firms can turnover billions when "people will be genuinely struggling to pay heating and electricity bills this winter".
Laith Khalaf, head of investment analysis at AJ Bell, said high energy prices have created "boom times" for companies that produce oil and gas. He added: "Energy is a very fickle business, and it was only two years ago that oil prices dipped below $0, and these companies were making eye-watering losses.
"Looking forward there looks to be little respite in sight from climbing energy prices, and this winter is shaping up to be a pretty bleak one financially for millions of UK consumers."with more than 10% of households’ salaries sucked up by rising gas bills.to hit £3,420 and for January’s price cap to hit £3,850.If you're struggling to pay for them or are worried about the upcoming price cap rise, there is support on offer.
Source: Energy Industry News (energyindustrynews.net)
DIsgusting !
This can only come about by selling energy at an obscene amount above what they buy it for any other excuse they have is bollocks!!
How the Fk is this acceptable ? Profiteering of poor and struggling people's misery !!! IT IS SHAMEFUL !!!!
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: LBCNews - 🏆 75. / 59 Read more »
Source: BBCNews - 🏆 3. / 97 Read more »
Source: LBCNews - 🏆 75. / 59 Read more »
Shell posts record profit for second consecutive quarter\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Source: ftenergy - 🏆 47. / 63 Read more »
Source: MetroUK - 🏆 13. / 82 Read more »