E.ON's profits rise in the face of us shivering paupers
British Gas had a surge in profit despite fuel poverty being a very real problem for many families, and now, E.ON are gleefully announcing how well they're doing with a 24% spike.
The energy supplier made £245million between January and June, which is up from the £198m they made last year in the same period. The E.ON group have seen profits tripling to £2.45billion in the first half of the year.
You can expect the likes of npower to announce tidy profits too, which is just brilliant.
Of course, consumer watchdogs are kicking off about it. Richard Hall, from the watchdog Consumer Focus, said: “Wholesale prices are now a long way from their peak and E.ON has also reported greater margins based on changes in their costs. This will reopen questions on whether falls in wholesale pricing are being fed through fairly and fully.”
A spokesman for E.ON said: "We continue to monitor the situation and will do what we can to help our customers."
Aye. We won't hold our breath (unless our boilers are faulty and poisoning us).