This Is Why Your Energy Bills Are So High

The energy price cap has a guaranteed profit margin written into the formula. You were never the one being protected. 🎬 Watch ad-free and support independent content on MeeTV: https://rebrand.ly/MeeTV While 5,000 people die in cold homes every year, energy companies post record profits — profits the regulator literally builds into your bill. The CEO of British Gas's parent company made £8.2 million and admitted on live TV he "can't justify it." He took it anyway. This video breaks down exactly how the system was rigged: the price cap that doesn't cap your bill, the standing charges funding foreign billionaires, and the revolving door between the regulator and the companies it's supposed to police. SOURCES: Price Cap & Supplier Profits: Ofgem Price Cap Methodology: https://www.ofgem.gov.uk/energy-price... Guardian — Ofgem price cap and EBIT margin increase: https://www.theguardian.com/money/202... Christine Farnish resignation: https://www.theguardian.com/business/... Foreign Ownership & Network Profits: Citizens Advice — £3.9bn excess network profits: https://www.theguardian.com/business/... University of Greenwich — Grid dividend extraction: https://gala.gre.ac.uk/id/eprint/47452/ Revolving Door: openDemocracy — Daniel Norton and industry insiders at Ofgem/BEIS: https://www.opendemocracy.net/en/ofge... Prepayment Meters & Human Cost: The Times — British Gas forced installations investigation (Feb 2023) Reuters — 94,000 forced prepayment meter installations: https://www.reuters.com/world/uk/more... Guardian — Barbara Bolton inquest: https://www.theguardian.com/uk-news/2... End Fuel Poverty Coalition — Excess winter deaths: https://www.endfuelpoverty.org.uk/ Standing Charges: Guardian — Standing charge increases: https://www.theguardian.com/money/202... CEO Pay: Guardian — Chris O'Shea "can't justify" £8.2m salary: https://www.theguardian.com/business/... #energybills #ofgem #pricecap #ukenergy #costofliving