Warm This Winter

‘The energy industry is taking us for April fools’

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https://morningstaronline.co.uk/article/the-energy-industry-is-taking-us-for-april-fools

Unite members take part in a day of action for Energy4All in Bradford, April 1, 2025 Photo: Neil Terry Photography

Energy giants rake in half a trillion pounds out of people’s misery, campaigners warn

GREEDY energy giants have raked in half a trillion pounds in profits since 2020, according to new data released today.

The End Fuel Poverty Coalition examined the accounts of 20 firms that produce, supply and distribute energy, and discovered that they pocketed more than £514 billion over the last five years.

Among the top earners were oil titans Equinor and Shell, which saw their profits swell to £140bn and £91.6bn while millions of people struggled with soaring costs.

Warm This Winter spokesperson Caroline Simpson said: “It’s incomprehensible in so many ways and plain wrong that a mere 20 companies have made so much money out of people’s misery.

“The industry can spare a few of their many billions to bring down bills, pay for energy efficient homes and switch from oil and gas to save the planet.”

Households are set to be hit by even higher bills as the Ofgem price cap rises by 6.4 per cent this week.

The average bill is expected to rise by £111 to an average of £1,849 a year.

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https://morningstaronline.co.uk/article/the-energy-industry-is-taking-us-for-april-fools

Keir Starmer says pensioners can freeze to death and poor children can starve and be condemned to failure and misery all their lives.
Keir Starmer says pensioners can freeze to death and poor children can starve and be condemned to failure and misery all their lives.

Continue Reading‘The energy industry is taking us for April fools’

Energy price cap rise will ‘hammer households even harder’ this year, union body warns

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https://leftfootforward.org/2024/01/energy-price-cap-rise-will-hammer-households-even-harder-this-year-union-body-warns/

Image of cash and pre-payment meter key
Image of cash and pre-payment meter key

The leading trade union body has slammed government policy for benefiting corporate profiteering at the expense of household bills, leading renewed calls to nationalise the energy sector after the 5% energy price cap rise.

Households will be ‘hammered even harder’ in 2024 the Trades Union Congress (TUC) has said, as the Ofgem price cap rise came into effect from January 1, which will see households across the country face a 5% increase in their energy bill.

It has led to further warnings from charities about struggling households facing another cold start to the year and renewed calls for government support to help households struggling with their energy bills.

“No one should struggle to get by in one of the richest countries in the world,” said TUC General Secretary Paul Nowak.

“But 13 years of wage stagnation and cuts to social security have left millions badly exposed to sky-high bills this winter.”

With energy bills already 50% higher than two years ago, Nowak said the price cap rise will only “hammer households even harder in the coming year”.

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Warm This Winter, a coalition of 50 leading UK charities, warned of the effects the government’s inaction at tackling the energy crisis will have across services.  

“Failure to avert this cold homes crisis will lead to pressure on the NHS, a mental health catastrophe and additional winter deaths caused by living in cold damp homes,” said Fiona Waters, Warm This Winter spokesperson.

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https://leftfootforward.org/2024/01/energy-price-cap-rise-will-hammer-households-even-harder-this-year-union-body-warns/

Continue ReadingEnergy price cap rise will ‘hammer households even harder’ this year, union body warns