Posted 3/30/2024, 1:00:00 PM
British Households Paying £45 More Annually for Gas as Networks Reap Large Profits
- British households paying an extra £45 per year to fund gas network infrastructure
- Money going to "vampire energy funds" owned by Qatar, China, and Australian financial giant Macquarie
- Gas distribution networks operate as near-monopolies, leading to inflated costs and profits
- Lack of transparency around negotiations between networks and regulator Ofgem
- Consumer advocates accuse system of "gaslighting" public and inflating costs for profits
