As mentioned previously, Winters coming.
From the BBC 22 May 2013: 'Energy supplier SSE has reported a rise in annual profits on the back of cold weather, despite recent disruption to services and a fine from regulators. The company reported adjusted pre-tax profits of £1.4bn for the 12 months to the end of March, up 5.6% on last year'.
From the BBC 10 October 2013: 'Consumer groups are predicting that the UK's other major energy suppliers will raise prices after SSE announced an 8.2% increase in domestic bills. SSE said that the rise reflected higher costs of buying wholesale energy and paying to deliver it to customers' homes'.
Renationalise everything. EVERYTHING!!
all those numbers are meaningless to me.
ReplyDeletewhat is their after tax profit? for a utility (low risk business) 6% to 8% is reasonable.
Q