Profit margins at the ‘big six’ energy firms have leapt more than 700 per cent as millions worry about keeping warm this winter.Those fiends! they are casting our elderly, our infirm and our poor into the oblivion of an icy, cold winter freeze, doomed to die.
The average amount of profit per customer has risen from £15 a year to £125 in just a few months, according to the industry regulator Ofgem.Wait wait wait - so before a few months ago the blood, sweat and tears of business men in the energy sector only roped them £15 profit for every piece of business? Wait - it was even worse before?
|via The Daily Mail - why are we getting so mad at this?|
"Other" costs is a little disengenuous - if wholesale costs are approx 45%, then we add in the costs that you cannot drop - i.e. operating and network costs - this comes in at 29% (74%) then you add in the net margin for the company: 9%. 9. per. cent.; so 83% of the bill isn't up for negotiation and is intrinsic to the cost (and let's be fair if you know a plumber who would work on a margin at 9% give me his number - I have a few jobs I'd like him to do around Tomrat Towers) then 17%, or ~£230 of the highest domestic bill recorded, is going to these guys:
That's right; you are giving a collective £6.7Bn of your energy bills to these smoes.
It is only right that the energy companies should be hitting back; it is long overdue (and not just for the energy companies) - it is not an unfair that a company providing a service should expect a decent profit; when you consider that 9% of the bill goes to the company in profit is paltry compared to double that figure taken in taxation/government and "green" initiatives, not to mention the very likely additional efficiency losses due to the monopoly on transmission that the National Grid, a de facto state monopoly, has.
We really need to shut this particular shit down.