This Is Why Your Energy Bills Are So High

Описание: The energy price cap has a guaranteed profit margin written into the formula. You were never the one being protected.

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While 5,000 people die in cold homes every year, energy companies post record profits — profits the regulator literally builds into your bill. The CEO of British Gas's parent company made £8.2 million and admitted on live TV he "can't justify it." He took it anyway.
This video breaks down exactly how the system was rigged: the price cap that doesn't cap your bill, the standing charges funding foreign billionaires, and the revolving door between the regulator and the companies it's supposed to police.


SOURCES:
Price Cap & Supplier Profits:

Ofgem Price Cap Methodology: https://www.ofgem.gov.uk/energy-price...
Guardian — Ofgem price cap and EBIT margin increase: https://www.theguardian.com/money/202...
Christine Farnish resignation: https://www.theguardian.com/business/...

Foreign Ownership & Network Profits:

Citizens Advice — £3.9bn excess network profits: https://www.theguardian.com/business/...
University of Greenwich — Grid dividend extraction: https://gala.gre.ac.uk/id/eprint/47452/

Revolving Door:

openDemocracy — Daniel Norton and industry insiders at Ofgem/BEIS: https://www.opendemocracy.net/en/ofge...

Prepayment Meters & Human Cost:

The Times — British Gas forced installations investigation (Feb 2023)
Reuters — 94,000 forced prepayment meter installations: https://www.reuters.com/world/uk/more...
Guardian — Barbara Bolton inquest: https://www.theguardian.com/uk-news/2...
End Fuel Poverty Coalition — Excess winter deaths: https://www.endfuelpoverty.org.uk/

Standing Charges:

Guardian — Standing charge increases: https://www.theguardian.com/money/202...

CEO Pay:

Guardian — Chris O'Shea "can't justify" £8.2m salary: https://www.theguardian.com/business/...


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