British Gas profits massively up

[Adrian W]

Should we be celebrating or moaning, prices went up 18% earlier this year now profits are up 28% or £2 million a day?
As energy companies are pretty much a cartel in the UK is it time the government stepped in ?

[Adrian W]

djglover said:

for me questions to ask here before frothing in a daily mailesq way are

1)How does the cost of heating with Natural gas compare to fuel oil.
2)Is there a cheaper deal through U switch
3)Are you happy with a british company making profits to be invested in a) your pension and b) future energy supply
4)Are margins of 3/4% unfair on Energy compared to say 10% or more for BA or Tesco?
5)How does the cost of fuel compare to other EU markets.

If you research all these points, you would probably conclude that things aint that bad after all, and yes I do work in the industry

I disagree that the margins are acceptable, considering the sales volume and the effective cartel, even though Tesco's margins are obscene I do have a choice, and can alter my lifestyle at will, however I can't with my energy supplier.