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I'm sure the govt. can get a cut of their negative profit, yeah
If they were Tesco, they'd be buying tins of soup for £5 then selling them on for £1.
It's the oil / gas producers making the big bucks (or, the producers of the aforementioned £5 tins of soup), as the price for their product has gone up due to demand caused by lack of supply, but the costs for producing it have stayed mostly static.
Howard-
Right... major fail on my comprehension there.
And the price rises are just due to less sellers in the market, so less competition for the remaining right?
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And to clarify it's the government who's set the price of 1 tin of soup.
That's because back when tins of soup cost £0.10, Tesco had no qualms about charging your nan £5 a tin because she forgot to switch her contract annually. Now the shoe's on the foot and it's the energy suppliers getting shafted
Polygon
frankenbike
Can some explain to me:
Does 'profit' (of the energy retailers) include money earmarked for re-investment?
If so is there, in theory, any way in which the government to intervene to make sure it goes there and not into shareholders' pockets?