Rejected petition Nationalise Part of or all of the Energy Sector

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British Gas makes profits of £3m a day

Ofgem has calculated that annual profit margins per customer have risen to £125, from just £15 in June.

Ofgem said wholesale prices had risen by 40% to £115 per customer over the past year and could go even higher over the next few months. Rising wholesale prices have been cited by suppliers for the recent spate of tariff hikes.

How can energy companies justify price rises when making 3 million per day profit?

Re-nationalisation of all or part of this cartel is the only way this problem will ever change. WE will be ripped off forever until we make a stand!

This petition was rejected

Why was this petition rejected?

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Date submitted 14 October 2011
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