Good Energy reported a significant rise in profits as its CEO, Nigel Pocklington, criticizes the price cap policy, describing it as a public policy failure.
Good Energy witnessed a 168% increase in pre-tax profit for the first half of the year, taking in £32.7m.
The price cap has been a “terrible public policy failure” which has driven up bills for customers, Good Energy chief executive Nigel Pocklington has warned. following Good Energy’s latest half-year results published this morning, which included a 168 percent boost in pre-tax profit for the first six months of the year.
He added: “Nobody wants to grasp the nettle on retail market reform and whether the price cap works. Nobody wants to grasp the nettle on wholesale market reform at the cost of renewables, and how you make energy cheaper. Nobody wants to go anywhere near a social tariff type concept where you’re using the welfare system rather than energy companies to deal with vulnerability and energy poverty.
The company has posted a 168 percent boost in pre-tax profit for the first six months of trading in 2023, rising year-on-year from £12.2m to £32.7m.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
French Utility Giant’s CEO Says Energy Crisis Is Far From OverEurope’s energy crisis “is far from over” as risks to supply will continue to persist until new LNG volumes hit the market in 2026, according to Catherine MacGregor, chief executive at French utility giant Engie
Lire la suite »
OPEC Cuts Reignite Inflation Worries As Energy Prices RiseDeepened OPEC are triggering a surge in global energy prices, causing inflation to spike and putting significant pressure on industries dependent on hydrocarbons.
Lire la suite »
Dylan Price: Hit-and-run family desperate for answers two years onDylan Price was killed on 19 September 2021, the day before his 18th birthday.
Lire la suite »
Glasgow restaurant in 'prominent' area hits market with £1 asking priceA Glasgow restaurant has hit the market with a £1 asking price.
Lire la suite »
Mention AI in earnings calls and watch that share price leapThis week's story is brought to you by the letters C, E, O, as well as B and S
Lire la suite »