‘When Ofgem head Andrew Wright identified a “deep mistrust of anything the energy companies do or say” last week, the chief executive of Britain’s gas and electricity regulator wasn’t exaggerating.
After four years of inflation-busting price hikes that have increased their average profit per household more than ten-fold, the popularity of the “big six” appears to have sunk to an all-time low. So much so, that 68 per cent of the population wants to see the big energy companies renationalised, according to a poll by YouGov last month. Returning the energy sector to state ownership may be a comforting thought after those bill hikes increased the average big six profit per household from £8 in 2009 to £105 now, leaving ever-larger numbers of people struggling – and in millions of cases failing – to heat their homes.’
Read more: Should the Big Six Energy firms be nationalised?
