This petition was submitted during the 2019-2024 parliament
Rejected petition energy cap should reflect their overall profits not for energy supply only
it should be capping large companies making obscene profits from energy. The price caps should reflect the companies overall profits not just the figures manipulated by massively overpaid accountants that imply they make a loss supplying domestic energy
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people are suffering - people are choosing between food or heating and energy companies announce record profits of many many billions increasing year on year as they hike prices saying the profits come from other sources. The government should nationalize energy again or simply cap the enrgy companies profits at 40% total for all their ventures combined. massaging figures and saying the make a loss whilst earning record profits in the BILLIONS not even millions range. It is profitering at its extreme
This petition was rejected
Why was this petition rejected?
It’s about something that the UK Government or Parliament is not directly responsible for.
The calculation of the energy price cap is a matter for the regulator Ofgem, which is operationally independent of the UK Government and House of Commons. You can find out more about how the price cap is calculated here: https://www.ofgem.gov.uk/information-consumers/energy-advice-households/check-if-energy-price-cap-affects-you.
We only reject petitions that don’t meet the petition standards.