The energy price cap should, taking raw material costs and general inflation into account, now be about £1,400 a year, but is actually going to be £1,690. The difference is exploitative profit being extracted from us by energy companies. https://www.taxresearch.org.uk/Blog/2024/02/23/the-energy-price-cap-should-taking-raw-material-costs-and-general-inflation-into-account-now-be-about-1400-a-year-but-is-actually-going-to-be-1690-the-difference-is-exploitative-profit-being-ext/. We are being subjected to daylight robbery and the Bank of England is blaming wage rises rather than. large companies who are taking us all for a ride for continuing inflation.
@RichardJMurphy
Does OFGEM really believe that people can’t understand unitised energy costs? kWh of electricity and a volumetric measure of gas.
I can’t but think this ‘average’ cost per home stuff is meaningless to most householders.
You go look at your meter, it’s showing kWh electric/m³ gas comsumed.
