| Comment | >a utilities sector that prioritises the immediate needs of customers instead of shareholders, or a government that will make them do so either through nationalisation or stricter regulation
The current price rises have exactly nothing to do with our utility companies. The price of natural gas peaked in December at a price 700% up on where it was a year ago, and it's still up 300%.
That is largely driven by increased demand from China and Europe, and tensions over the Russia/Ukraine situation.
Prior to the price cap increase the entire sector has been losing money hand over fist for months. If prices go back to where they were November/December they'll all be losing money even after the price cap increase.
Ultimately this is a supply issue, it has nothing to do with the middle men. |
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