Is there any british companies that own our fuel supply companies

alanandcathie7pd

We are looking at changing our supplier (M & S energy) but we were trying to find out if there is any british companies that own or own a majority share in our utility suppliers.

If anyone could direct us as to the owners or share holders of our utility suppliers it would be appreciated.

Regards

Alan

penrhyn

Your already with British Gas, owned by Centrica, a company quoted on the LSE.
Companies are owned by their shareholders, the fact that a company is based in the UK does not mean that the majority of its shareholders are UK citizens, pension funds etc.
You would do better by looking for the best value product for your needs. I'm backing Britain died with Bruce Forsyth.

I'm guessing you don't drive a Morgan!
Edit.
Whoops , rightly pointed out M&S is SSE, as is Ebico.

undaunted

Have a look at the smaller co.s

https://www.ebico.org.uk/

http://www.cooperativeenergy.coop/google/?gclid=COi7v-ybl7ICFccLfAod70UADQ

TIMMY85

penrhyn wrote: »

Your already with British Gas,
QUOTE]

M&S Energy is run by SSE (also listed on the FTSE). British Gas run Sainsburys Energy.

OP - as others have said, energy suppliers are owned by shareholders and could be UK based or foreign investors. SSE and Centrica are UK listed companies. Npower is owned by RWE (listed in Germany), EDF is owned by...well EDF (The French company owned primarily by the French State). Scottish Power is owned by Iberdrola (Spanish) and E.On is owned by E.On (listed in Germany)

Just because a company is listed in the UK doesnt make it a better or worse company than one registered elsewhere as they would still be liable to pay tax on UK earnings (although I am sure have to notch accountants trying to minimise this...eg a certain tele-communications company listed in UK but pays Very little tax)

Ultimately, any company run for profit will have investors looking for a return on their investment - the only benefit of looking for one in the UK is that you could buy loads of shares in your energy supplier without exchange rate risk affecting your investment.

chanz4

undaunted wrote: »

Have a look at the smaller co.s

https://www.ebico.org.uk/

http://www.cooperativeenergy.coop/google/?gclid=COi7v-ybl7ICFccLfAod70UADQ

They are just resellers of the big companys

ollski

penrhyn wrote: »

I'm backing Britain died with Bruce Forsyth.

have I missed something?

bubblesbonbon

chanz4 wrote: »

They are just resellers of the big companys

Co-op Energy are not.

They purchase on the open market and are owned by it's members as part of the Midland Co-operative.

http://www.cooperativeenergy.coop/why-us/why-we-are-different/

penrhyn

Coop energy do not own or control the generation or distribution of energy in the UK. They are a reseller for the likes of EDF, SSE, NPower, Centrica, Scottish Power, and EON.

http://www.psg.deloitte.com/resources/PS_EUR_Map_Electricity.pdf

bubblesbonbon

I stand corrected

antrobus

penrhyn wrote: »

Coop energy do not own or control the generation or distribution of energy in the UK. They are a reseller for the likes of EDF, SSE, NPower, Centrica, Scottish Power, and EON.

http://www.psg.deloitte.com/resources/PS_EUR_Map_Electricity.pdf

Sort of.

The way the UK electricity market works is that:-

- there are generators that produce the electricity
- there is the National Grid that handles transmission of electricity from the generators
- there are regional distributors who deliver the electricity from the grid to customers
- there are suppliers who sell the electricty

Co-Op Energy is an energy supplier. As it happens many energy suppliers are part of larger energy groups that also own generating assets i.e power stations as well. When Co-Op Energy is buying electricity on the market it may well be buying electricity that is made by these power stations. But equally well British Gas might be buying electricity that comes from a power station owned by E.On etc. The fact that Co-Op Energy isn't a member of a larger energy group that also owns power stations doesn't stop it from a 'proper' energy supplier just like any member of the Big Six.

P.S. Power distribution is a regulated monopoly and isn't owned or controlled by any company active in supply or generation.

retired2011

There is also the fact that the UK is connected by a very big cable to France so we could actually be using electricity generated by a nuclear power station in France.

Is the French electrical grid connected in any way to any other european country?

If it is we could also be using German or Spanish or any other country which is connected to the electricity grid in Europe's electricity.

Just go for the cheapest.