£75 of your energy bill goes to shareholders.....

1carminestocky

.....according to Allan Asher (ex Energywatch chief) on the recent Channel 4 Dispatches programme. This is based on recent research published by the Local Government Association, which found that the energy companies INCREASED their dividends to shareholders in 2007 to the tune of £257 million.

Link to Channel 4's catch up broadcast of the Dispatches show. (this was sort of poo pood by the usual uspects, in my opinion because it raisesquestions thye can't answer!)

http://www.channel4.com/video/brandless-catchup.jsp?vodBrand=dispatches-the-truth-about-your-energy-bill

Link to LGA research:

http://www.lga.gov.uk/lga/core/page.do?pageId=970977

going2die_rich

And?

Energy is a commodity. Shareholders don't invest in energy companies for a fun factor, it's an investment that they want a return on.

If you don't like it, eat cold food, get a jumper and some candles.

Mrembo

Carmine thanks for the information i never knew that £75 goes to the shareholders.

WhistleBlower

*stares unhappily at my paycheque*

Wish it was coming to me...

but as going2die_rich pointed out, these companies are businesses, their main aim is to make a profit.