Fury as energy firms post record profits - while you face £500 a month gas bills
Shell broke its profit record for a second consecutive quarter, raking in £9.5bn, while British Gas owner Centrica posted operating profits of £1.34bn in the six months to the end of June, an increase of five-fold on the same period in 2021.That is despite warnings from consultancy group BFY warning that bills could hit £500 for January next year, and expects the price cap to hit £3,850 between then and April.
Money saving expert Martin Lewis tweeted: "I'm not focused on politics here, I'm focused on practicals. We need action. We have a govt but it's said it won't make big decisions until new PM is in.I'm not focused on politics here, I'm focused on practicals. We need action. We have a govt but it's said it won't make big decisions until new PM is in. So get the current and potential PMs to agree and get a decision now.
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UK energy bills for most vulnerable to hit £500 a month in January\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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UK energy bills for most vulnerable to hit £500 a month in January\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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