‘Soaring’ Ofgem price cap fuelled by ‘rampant corporate profiteering’ says Unite
- Friday 26 August 2022
Commenting on Ofgem’s raising of the energy price cap to £3,549, Unite general secretary Sharon Graham said:
“We know now that rampant corporate profiteering is at the very heart of our soaring energy bills and Ofgem’s soaring price cap. Until this corporate looting of our energy networks is confronted, the fuel crisis will become more and more perilous for workers and their families.”
New Unite research reveals UK’s energy giants and gas and electricity suppliers plundered our energy networks in 2021 for more than £15 billion in profits.
The research shows at least 30 per cent of the Ofgem price cap increase is made up of profit for energy giants.
For media enquires ONLY contact Unite communications officer Ryan Fletcher on 07849 090215.
Email: [email protected]
Twitter: @unitetheunion Facebook: unitetheunion1 Instagram: unitetheunion
Unite is Britain and Ireland’s largest union with members working across all sectors of the economy. The general secretary is Sharon Graham.