Energy crisis: British Gas owner Centrica triples profits to £3.3bn
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- Опубліковано 5 жов 2024
- The energy giant Centrica, which owns British Gas, tripled its profits last year to more than £3 billion - despite the squeeze on consumers hit by soaring bills - with some vulnerable households forced onto prepayment metres.
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The firm said it would be paying one billion pounds in tax.
But its chief executive declined to say if he would waive any of his £1.6 million bonus.
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Interesting to see that they have found new suppliers for gas, gas price dropped, but not the bills for the people...
Interesting/Robbery
It's not a charity or public owned company, 😅
@@aazid1 should be
Zero point energy exist.
The Lost Century.
And how to reclaim it.
If you haven't see this explosive release of information to the public, I strongly suggest you do.
No one should be paying for energy and this information shows the world what technologies we actually have that are being suppressed.
The Lost Century !
The truth to humanity.
British taxpayers paid for the expensive infrastructure to be developed over a long period of time, which is then sold off to rich friends at a pittance.
None of these industries should have been sold off. At a minimum, 60% should have been kept as an arms length government company.
Privatisation makes profits due to being able to function, if it was ran by the gov it would never work with efficiency. Look at the NHS
IS WOCKPHARMA GOOD BUY AFTER HEAVY CORRECTION AT 190
@Ian Lockerbie I've worked in both private and public. If you think private is more efficient, you're fooling yourself. And you will probably find billions in the NHS going to outside companies costing more than if the NHS did the same work in house.
@@snafufubar There has never been a single organisation ran by a government that is even close to the levels of efficiency as a successful private company. I wish it wasn't the case but unfortunately it is true. Its the main reason socialism and communism can't operate for an extended period of time. I want a better option than privatisation and capitalism but sadly nothing is available yet.
@@IanLockerbie socialism is in every society. Capitalism couldn't work without a socialist base.
Blaming war 4 the rising prices.any lie 4 profit
Aye, it's criminal how stupid people are now.
You and the 21 likes should sit down n keep ya brains warm. Then watch Zeigteist Addendum on UA-cam, brace yourself for the truth young laddo.
@@alicianah8352 Do you have shares in Zeigteist Addendum or something? Jeez
@@stephenwalker2924 No but a passion to share truth. Derived from the cruelty imposed by corporatocracy. Have you seen?
Profiting from the suffering and loss of life... This has changed the game, we can't rely on corporations, that should be obvious to anyone now...
That's always been the game.
@@ozer9529 No, I voted for Corbyn and against Brexit. I'm not as foolish as most and not a politically illiterate sychophant...
@@thomaspower5982 No, the game has always been to turn us into cash cows without being obvious. Now they don't care to conceal the con or the contempt they have for the electorate. Kleptocrats taking bribes from corporate lobbyists is now the norm, not the exception, but 100% of the game.
Nonsense blaming shareholders when the company has fallen from £3.50 to £1 in the last ten years. Most shareholders haven't made a bean. Don't know what you are talking about.
@@SA-ff9uc Centrica has tripled their profits by raising prices, if you don't know what I'm talking about you should learn economics and ethics or at the very least try to attain sentience... As much use as an ashtray on the international space station...
The gas didn't cost any more money to get out of the ground in the North sea so why did the prices go up?
These are British gas fields owned by the British people so why do we have an awful contract that allows the people working for us to just charge us more when they feel like it?
Their cost didn't go up. They have no justification for this. So why isn't this a crime against the British state?
British?
British people don't own the gas fields you pillock that's the point.
It's a crime enabled by the British state committed against the British people. For a change.
@@ricardosmythe2548 In your case apparently ignorance is not bliss
@@Josh95x I wouldn't know. You tell me
This is the kind of thing that might be in history books in years to come. It's akin to the events that led up to the 1381 Revolt.
lol. No it isn't. So much melodrama
IS WOCKPHARMA GOOD BUY AFTER HEAVY CORRECTION AT 190
@@tjmarx Well in any case it is an extreme concentration of wealth, disastrous at a critical level. Not just with energy companies though.
@@alexbatsis2785 There's nothing disastrous about capitalism. You wouldn't be watching this video, and having this conversation with me right now if it weren't for that concentration of wealth.
Not just this platform, but Channel 4 itself. Everything you take for granted, all the services, products and resources you use are made possible because of those concentrations of wealth.
They're not disastrous, they're the system working correctly.
@@tjmarx ....No its not services to the public is what the British people pay for in tax and insurance stamps...Bet your not even British or live UK because if you did you would know that ..Channel 4 is usually known for trash drama, documentaries and reality shows...
This is a national disgrace. RE-NATIONALISE THE UTILITIES....These prices will never come back down
Good idea, then we can have unions holding us to ransom while we have rolling black outs.
@@wakey87 The demands on rising worker pay would cost the people less than the current gas prices. Don't be a fool.
@@wakey87 wakey wakey you div
@@YA-hm5zy Just telling you what would happen, I'm not here to be popular.
@@wakey87 yeah ok.
Heads must roll.
I agree my friend, but the only heads rolling under this repressive Tory regime is those of the people.
Give her time pay, damn.
im waiting for people to remove london.
Giving the CEO a "Bonus" of £1.6 Million, this is not Business, it is a Monopoly, that we have no say in, we either freeze or pay.
Indeed, all these CEOs getting massive bonuses for just doing their job and doing nothing special is a joke! £1.6mil is nearly a mil more than the gov said their going to invest extra for replenishing/increasing military ammo stocks - get those who got a windfall as a result of the war to help pay for it, that's how pootin funds his regime for the conflict so why not both ways?
🥶🥶🥶😆
I'm not sure you understand what a monopoly is. You aren't tied to any particular company, you have the ability to choose whom you go with and there is enough variety in the market to allow for competition. That's not a monopoly anymore than expecting your employer to pay you for doing your job is one.
Also you heard wrong. It's a £1.6 Billion pound bonus. Billion with a B. As in more money than several generations of your family will make in their lifetimes combined. Being jealous that he's successful at his job isn't a great look though and it certainly isn't an argument.
@@tjmarx And your entire family tree’s net value… yet your one of the peasants who thinks the tories benefit you. His job isn’t hard as the actual work is done by workers anyone with little experience could do the same.
@@tjmarx not a monopoly, really the big 6 are more of a cartel. I doubt that is jealousy though. You don't think it obscene that the public are being taken for such a ride? No one should be allowed such a bonus when the profit that makes that bonus is practically being extorted from people. Tell me your a tory without saying your a tory lol... 😅
Time to enact a Heavy Windfall profits Tax on them. The trouble is, much like our corrupt Senate and Congress members here in the U.S, big corporations own too many of your politicians.
Agreed 👍
I can’t understand why we’re all standing for it 😂😂
Easy, we got the guns . 🇺🇸😆👍
Peoooe are so passive it’s unreal
What a stupid virtue signal
It seems most people would rather have a moral panic over Sam Smith or trans people than realise they are being absolutely fucked by all these companies.
@@MrWolfPants Spot on bro....
Price gouging without regulation....
exactly
🎯
Aussie banks just laughing all the way to the bank too. Its disgusting
what about bank profits though ?
#BanPrivateBanking #DemocrariseBankOfEngland
Gas industry must be nationalized its not right to give so much power for so greedy people
We wouldn't have this problem if the tories hadn't sold it off for backhanders in the first place.
“Margaret Thatcher” 😂 sold off the Nation’s assets, Norway didn’t
So… capitalism going well then…
It is. 🇺🇸
unhelpful sarcastic comment that straddles the fence and commits to no side whilst sounding world-weary and bored. love it!
Even China has turned capitalist.
Remember when Liz Truss argued last summer against taxing their profits?
Zeigteist Addendum on UA-cam will show why.
Look, they don't care. The people need to care and not sit back and take it.
We got the guns 🇺🇸 you don't. We got the mace, tasers, batons, you don't. Everything is an offensive weapon.
People do care... but at the wrong priorities. Like getting hammered for Friday night for example.
How are we not storming parliament?
As always everyone is ripping off the poorest if they were affected by the crisis in Ukraine how is it normal people like us are struggling to eat or heat and all the companys are struggling with is how to spend the money that there making it time to stand up and say enough is enough
We lost the ability to vacation in the EU, but we will always be America's vassal state for foreign military interference.
I think you will enjoy Zeigteist Addendum on UA-cam.
How can base needs like water, gas, electricity supplies be owned by private companies? Surely this needs to be Nationalised and let the Government provide these basic needs to the people at the cheapest price.
Oh, the joys of privatisation.
Unfortunately public ownership can mean just as much mismanagement.
I wonder if anyone going to question, how this would be good time to ditch America's interest to creating bilateral relations with Russia again it would improve living costs.
Energy prices are out of control how is someone who was paying £100 a month people on low income and people who are pensioners on fixed income before the sanctions going to afford £800 a month after the sanctions announced by the Tory Government? And the Tories said privatisation will mean lower bills. Even before the sanctions Energy bills were going up every year. Private Energy companies making big profits profiteering from people's misery who can't afford these unaffordable Energy bills and prices. Price gouging without regulation.
I agree, energy prices were going up year on year, I have the bills to prove it, they are exploring the people of this country,
The Troy Party do not like this country or the people, why are they in power?
* exploiting
If they were only increasing the consumer price to cover their increase in cost their profits should have been the same as previous years. So many companies using this excuse to price gouge and contributing to inflation.
If a company is for profit, they should not be running essential services, their whole business is about making profit! Why on earth would you sell off your own country assets 🤔
Shame shame shame. What happens when customers can’t pay their bills? ... they’ll lose customers. The problem with this thought is lack of competition due to major companies having a monopoly on the market and preferencing shareholders over customers. I suspect this strategy will one day end in tears for the like of British Gas.
Anyone not talking about renationalisation is time-wasting, or lying like Starmer did for a short term advancement of his career ambitions. The idea that somehow it is grown-up politics to only partially fix this issue and nibble around the edges, rather than address it in its entirity, is preposterous. This status quo is bullshit, serious people would be focused on changing it.
I put it to you that Corporatocracy is the problem as democracy is a delusion to appease the people. I recently came across a documentary called Zeigteist Addendum on UA-cam. Is not a pleasant watch but an eye opener to the cause of the problem highlighted in this UA-cam post. Please know i have no ego or hidden conspiracy agenda. I write to you and many others including news and environmental organisations with the intention to inform the people with facts that can be demonstrated. Because a nation without all the information is a people not governed by the people.
@@alicianah8352 Yeh I have seen it, hard but good watch. And yes, with corporatists running things democracy is an illusion. This is especially the case in the United Oligarchy of America, but somewhat here too.
@@donttrip8282 I wonder why therefore no mention of corporatocracy or monetary system in this news report? Failure to address cause yet again, is amazing. As if to keep themselves in a job in fact.
So nowt to do with tories?It's just you have put startmers name in,not do with boris party?
Don't worry they are donating it to help Ukraine fight Russia.
We eat one rich person and the rest will fall in line
I'm betting this poor lady is just as terrified as, as a disabled, housebound, very ill & extremely vulnerable customer with the forced installation of a prepayment meter & more recently a new boiler as I had no heating (who's had the paramedics round yet again today). Its absolutely terrifying to be disabled in the middle of this country now, especially when you can't even walk around the block (like me)
Ahh £3.3 billion profits... therein lies the next problem...they have now set the bar at £3.3 billion so if next year they ONLY make £3.2 billion that will be recorded as a loss so prices will need to increase to please the corporation, city and shareholders!!!
Simply unacceptable
Monopoly power. All the little people can do is freeze & many are doing just that.
I disagree, to solve a problem we must look to cause. Zeigteist Addendum on UA-cam shows our trust in authority is misplaced.
Either the gas price went up because of war or the gas company makes record profits… because if the energy company is passing on the cost without increasing their margin their profits should remain about the same! If the company is trying to help in a moment of international conflict by reducing their margin it should make less profits! So, how can we explain the record profits?
And now ofgem are saying paying customers have to foot the bill of the people that refuse
a service charge is a scam ,abolish it .
Please send Robin Hood to these large companies!!!!!!!!!!!!!!
He will get arrested. 😆
They need all that cash to heat the tropical fish tank in the wall at their offices in Surrey, also burgers for the Yankee owners arent cheap..
War profiteering?
We got mugged off after the tories sold off all our public utilities
It’s absolutely disgusting greed and profiteering as usual 😡
Must be nice for them
Corrupt to the core, the people who sign this off should be charged with crimes against humanity.
Lowest state pension in Europe,
lower than Poland, lower than Lithuania, lower than Greece.
Frankly, if a lot of the people risking their lives to get to England knew the truth, they’d want to stay in France etc.
For any who can remember, life under Labour, even under the most right wing variant, Tony Blair, was never in any way shape or form like this.
Be under no illusion, this extreme increased pressure on living conditions is a tory creation, and cultivated coinciding precisely with at the same time, introducing new rules to ensure the richest people become obscenely even more rich.
This is the ideology of the tories, these are their priorities, and these (destruction of the fabric of our country, dismantling of the state, that we inherited, paid for, literally in the lives and blood of our people fighting for these rights), these are the means. They have the most, they want more, and you are going to pay for it.
And some people still support Rees-Mogg ideas to deregulate.
Why don't they share profit with their customers???
Well, it would hardly make a difference if they share only 1p per customer. It is a lot of money if you include the whole of their customer base.🤡
Because they think we’re peasants, and should eat Crumbs that they leave for us, and be like “o thank you for the crumbs” that we have to labour for, 😂
This is so unfair 😒! and disgraceful..
The greediness that fuels our economic system is truly shameful
They profit now but they will have blood on their hands when people starve, have poor health, homelessness, depression...then those will not afford gas bills. They have short term gain but not a long term customer.
Why is it in Europe these company's are nationalized ???? Torys said we had to leave EU to get rid of VAT on fuel. So when are they. More lies. I see EU got rid of VAT:((
While this issue is a direct result of privatisation programs by the Conservative Party, if you pick apart the response by the Labour MP, he completely dodges the questions and is not offering any long term solutions.
Whilst he hasn't mentioned it, not sure why, Labour's plan was set out fairly clearly at the last conference, which was to create GB Energy. A publicly owned green energy company which would compete with the likes of Centrica/British Gas, with the aim of driving the cost to the end user down, forcing those other companies to lower their prices or risk having no customers as people switch to GB Energy. It has the added benefit of job creation too, creating a robust industry in this country around re-usable energy, wind, tidal and solar, which (maybe not the last one haha) we have in abundance. I think it's a good idea, a definite step in the right direction, and I'd love to see it in action. We cannot carry on the way we are now.
Good for them. we the dummies years ago letting the government privatise our energy sector bravo 👏 🙌
Why people are not outraged and protest on the streets? The model of Russian privatisation and putting the important assets in friends hands. Taking that money outside UK. Than saying that the government can’t do anything.
Didn't billionaire Sunak appoint Can't Shapps and Michael Green to take care of this?
Uk Governments have signed off on this or it wouldn’t happen.
Hey Dave why r supporting Sir Snake Starmer and his PURGES
TakeBackLabour KeirStarmerOut
Don’t fucking pay, simples
UK natural gas futures were trading around 135 pence a therm, close to levels not seen since September 2021 and down over 80% from their March peak of 800 pence, as a relatively mild winter limited the need for extra heating demand and prospects of robust wind power generation pressured prices further. On top of that, Norwegian exports increased after the end of an unplanned outage. Dwindled stockpiles of Russian natural gas have been replenished by liquid natural gas (LNG), alleviating immediate supply issues. The US has agreed to raise natural gas exports to the UK as part of a joint effort to reduce costs and limit Russia's impact on western energy supplies. Looking ahead, supply risks and price volatility will likely persist next winter since talks between the UK government and Centrica, the nation's biggest energy supplier, on funding the expansion of its natural gas storage have stalled.
thieves
i don’t mean to be rude but if something gets to the stage of bailiffs it means there’s been no payment for an amount of time and no communication. it also has to go to court. court orders are issued and you can make your case there. also if you’re making repayments on the amount it wouldn’t get to that stage. i don’t understand why the media never really drills down on this.
That shows how greedy are these oil corporations are. And who's the end loser? We the ordinary citizen taxpayer
but but wage price spiral
Criminals
*Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $22,000 every single week.*
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Or just reduce the price for everyone
Well done, they seem to have turned the failing business around.
witty and evil. love it!
The Lost Century.
And how to reclaim it.
If you haven't see this, I strongly suggest you do.
See the truth.
Yup.
Business and Energy Committee chairman Darren Jones MP claimed £328.00 worth of tax-payers' subsidy money for his flat’s heating bills.
We Are All Prostitutes.
It's obvious from these comments that no one remembers the old nationalised gas board,I do because I worked for them,be careful what you wish for
I’m too young to remember, interested to hear more though?
Any investment was up to the government,as a natiolnised industry it got very little,pretty sure we would have been on strike by now so I don't know who would have been dealing with all the gas leaks from the old cast iron pipes that wouldn't have been replaced without private money
Yeah because paying almost 300% more for my energy bill is better, people not eating , in the cold at home, struggling , being depressed
I might as well live at work, at least I know I’ll be warm , your thinking is out of date mate and not logical
This Dave Guy! Honestly
UK RIP OFF as normal
I was paying £2000 when I left the UK 2 years ago we were all told it was cheaper to get energy from overseas 😆 😅
Now I live in Thailand my gas bill is £250 and I use more here than UK
My electric is less than quarter the UK
Oh really? Yeah, don't tell me, they also get out of paying loads of tax? Thank you oh peoples' government. 🤣
Just tell the bailiffs " You've got the wrong address and close the door! Do not interact with them at all?!
God luvk with that.
@@Christinebanks11 I am fully aware of what they can and can't do?! I have a close friend who is in the know! IIt also depends how brainwashed you are?! ;-)
Just don’t answer the door
They’re not bailiffs for starters, and how do you say that if you’re not there?
Disgusting energy supplier why can’t they reduce the price to us
Would you reduce your wage?
It's called greed
Tory nepotism
Corrupt government system
the simple fact is we pay too much and our goverment dont care
Nowt to do with russia & Ukraine if people believe that then 🤦
Everyone talking as usual but nothing happens.
Just should be doing this and people will suffer speech as usual.
Nationalize all businesses which make a profit. Leave those losing money in private hands.
That's great !!!!! The higher the energy costs the more the energy companies charge. The more they can profit. Food , going out, everything else is overrated. 😆
Yeah, more wages for their employees which they can be taxed heavily on to fund the living expenses for the rest of the population.💀❤👍
They were sold off to make the Balance of Payments look Rosy as if we were exporting £ Billions and making " Loads of 💷 Money.
This is deliberately done
The rich became more rich and the poor became more poor. Like that is working today
Absolutely disgusting behaviour by the energy companies. Its morally and ethically wrong,. This inept and weak Tory govt has allowed this to happen.
Thank god she can't buy a news paper.
She has enough to worry about without dipping into that poisoned well.
I told britsh gas I cant pay 8000 half thousand pounds am disability
When the effects of brexit came to fruition.. Brexit! Brexit!
Find out who owns this company, who runs it. Take their assets, and put them and their families in prison for life. thats how I feel!
Centrica to work for is awful
all the manufacturers are gone how can you run industry this will collapse the uk economy economic crash is coming if this trend continues
Sorry but limited sympathy for pensioners struggling to heat massive homes. If Verite Double-Barrel is struggling for funds then she should speak to an estate agent…
EVIL EVIL EVIL
FREEEDOO...eh, who turn off the gas?
Time to nationalise energy companies back into government control Tories are responsible for this mess
We’ll sorry darling but you voted Tory now in old age your feeling the Benifit!
Fantastic news
Brilliant news. Give another 5 billion to Zelensky..!
Might as well as this government couldn't care about there own people but any one else who wants billions well they can have no questions asked we ask cos we cant live the government says more taxes and less wages and a big up yours
A world war will dwarf that investment ... think about it
@tonybum100 Unfortunately, it's not about people. It's about control over the european market. The only way america and its failing economy could dominate the European market was to remove russia, which it did by proposing nato missile bases in ukraine, causing the desired reaction from russia, destroying nordstream 2 in the process, which ironically would have provided eourope with cheaper energy than ever before. Now they have American LNG at quadruple the price. Predatory capitalism to save a sinking ship not worth saving imo.
Or to me. 😆
Ukraine needs more 💰 Money.
It isn't the role of private business to look out for the social good, manage people's bills, help the poor or any of the malarkey discussed in this video.
That's what politicians are for, and why taxes are paid. Governments looking to put a cap on profits through "windfall taxes" are acting in desperation because they have no real solutions, but ultimately do harm to the economy by disincentivizing localised investment.
Nationalisation of energy generators won't solve the problems AT ALL. The problem for the UK is it lacks energy resources of it's own in any significant quantities. That makes the UK reliant on foreign partners and international markets, the UK isn't making the rules here.
Real solutions come in the form of aggressive electrification of the energy grid to all but entirely remove gas from the network. Set a no gas date, re-enforce consumer subsidies and move forward with determination. Fund councils so that council flats can ALL be upgraded within the next 24 months.
It's pointless even discussing things like renewables or alternative energy sources when 80% of the grid can't benefit from the electricity they generate because it's gas reliant. That's the heart of the issue, everything else is band aid solutions and empty whinging.
Remove the price cap, use that money to fund electrification.
Hi ho
We need to help Ukraine this will help bring down your energy price😂😂😂😂