Given this thread was originally about Peoples Energy I give you the following :-
https://www.thisismoney.co.uk/money/markets/article-11635077/Peoples-Energy-couple-blasted-50m-bonanza.html
Yes, I know I said no suppliers made money but this is a bit of an anomoly but I can see how they did it. Ofgem have closed this loophole since this happened.
Funny to read the comments and see Daily Heil readers blaming the Tories and capitalism.
Oh you made me go and read them. The horror....
OK, here's an example :-
"Centrica just announced they will make record profits because of the cheap gas . Shame they didn't pass the prices onto the consumers. Suspect they've made more than the people's energy couple"
and here's the announcement :-
"British Gas owner Centrica will hand £250m to shareholders in a new buyback scheme, as high wholesale prices put the firm on course for a six-fold increase in net profits compared to last year.
The energy giant revealed in a bullish and unexpected trading update that robust performance in its electricity generation assets alongside the gas Centrica sells from its North Sea fields meant full-year profits would be at the top end of estimates, with analysts forecasting earnings between 15.1-26p per share.
It said: “Centrica has continued to deliver strong operational performance from its balanced portfolio since its interim results in July and now expects full-year adjusted earnings per share to be towards the top end of the range of more recent sell-side analyst expectations.”"
This is the information age. It's dead easy to do research but we'd rather spout something that's bollocks.
