Are OFGEM now agents of HMRC

BikingBud

Despite huge profits being realised by power generation companies the consumer is bailing out their apparent creditors and supplementing the debtors with a benefit payout. Why?

born_again

Power generation has noting to do with the company that bills you, who are not allowed large profits (somewhere in the less than 5% area)

masonic

The creditors of energy generators would tend to be banks, other financial firms, and institutional investors. Why would they need to be bailed out if the company they've lent to is realising huge profits?

Debtors would be energy suppliers, and there is one small supplier that looks like it is going to fail, but the rest of the market looks quite healthy. These firms tend not to get bailed out. Instead customers are transferred to a Supplier of Last Resort, who can claim some costs from consumers via the standing charge. The alternative would be for customers to have their supply disrupted through no fault of their own.

If you mean the consumer debt relief scheme, then I fail to see the connection with HMRC. The energy sector gets much more benefit from energy bills being paid than HMRC would.

singhini

born_again said:

Power generation has noting to do with the company that bills you, who are not allowed large profits (somewhere in the less than 5% area)

Your right  (i thought it was 2.5%) 

OP - Have a listen to the latest Martin Lewis Podcast on BBC Sounds dated 30th Oct 2025  (Martin v Ofgem boss: Why are energy bills so high (is it green levies?) | Scrap standing charges | Is the Price Cap a rip-off?