Energy networks’ £7.5bn windfall ‘should be returned to consumers’

Firms that transmit electricity and gas, such as National Grid, have ‘eye-watering’ profit margins, says Citizen’s Advice

Energy networks have been accused of exploiting UK consumers to enjoy a £7.5bn windfall of unjustified “sky high” profits, and urged to return the money in the form of a one-off £285 rebate to every household.

Citizen’s Advice said the companies that transmit electricity and gas around the UK, including National Grid, were reaping “eye-watering” average profit margins of 19% from their monopolies. That compares with the 4% margin that big six suppliers, such as British Gas, make selling power and gas to householders.

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