Following an investigation into companies’ financies, it has been reported that energy firms have been making more profits than they say.
Suppliers are said to be making six times the profit than what they admit to in public. The cost to suppliers is £844 per annum to provide fuel to one household but, the majority of families are paying as much as £1172, a difference of £328.
If VAT is removed, this would give a profit of £262 – a margin of around 24%. Now that they are making so much profit, would the suppliers return some of our money back? Say in the form of a rebate at Christmas?
If they did, that would be a welcome gesture. We need to have power, we need to use gas to stay warm in winter and cannot revert to using cow dung or wood for cooking and heating.
People who suffer most from the indiscriminate high prices are retired senior citizens who have nowhere to go during the day, and to avoid heating bills, they stay in cold and damp houses and suffer from depression and other illnesses and be a burden on the health service.
The solution is to nationalise the companies providing the indispensable utilities like gas, electricity and water and or subsidise the cost of these utilities. Instead of giving aid to foreign countries which in fact carry a chip on their shoulders against us, let the charity begin at home!
Dinesh Sheth
Newbury Park, Ilford
