The Energy Minister of the United Kingdom has complained about the excessive profits that two of the United Kingdom’s energy companies are making. Mr Edward Davey has focused his complaints (which he has made to the energy regulator) upon higher than expected profit margins that British Gas and SSE are making. These margins are in excess of 11% for the year 2012. He is right to complain. In theory utility companies should operate at very low Continue reading
Filed under: climate change | Tagged: British gas, Centrica, monopoly, oligarchy, profit margins of energy companies, returns, risk, SSE, utilities | Leave a comment »