| Comment | >> ultimately this is a supply issue
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>No, it's an issue which the suppliers have made an active choice to pass on the rising cost to consumers instead of do what they're supposed to and take a hit to their profits while the cost of resources is high. companies aren't entitled to always make a profit, especially not when they're providing essential services like gas, electricity and telecoms.
[27 UK utility companies have gone bust in the past six months alone](https://www.forbes.com/uk/advisor/energy/failed-uk-energy-suppliers-update/).
This has happened because with the price cap, they haven't been able to pass on their extra costs. Some firms had lots of longer term hedges against natural gas price rises for the time being, those that didn't have gone bankrupt.
Now the price cap is adjusting, so they will be able to pass on *some* of their increased costs.
If the firms were nationalised, the multi billion pound losses they've been running would still have to come from somewhere. |
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