this post was submitted on 27 Jul 2023
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[–] ArbitraryMary@lemmy.world 10 points 1 year ago (1 children)

What the fuck are Ofgem doing? I thought they were meant to be regulating that shit?

[–] Z3k3@lemmy.world 8 points 1 year ago* (last edited 1 year ago)

When I asked this question I was told they regulate the consumer side not the wholesale side. Until that wholesale end gets brought into touch we all fucked

[–] Hossenfeffer 6 points 1 year ago

The UK’s biggest energy supplier reported profits of £969m for the first six months of 2023, up almost 900% from £98m in the same period last year.

900% increase in profits.

[–] rayquetzalcoatl 2 points 1 year ago

But they're being forced to raise their prices! They're not price gouging and making profits! Come on, poors, cough up!

Fuckin arseholes.

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