not rejoice for Britisg Gas & their 98% profits so far

[chasingrainbows]

OMG!
At least someone benefited from the freezing winter. I know that all companies such as this protect their profits at all costs (and very much to the cost of the customer) but 98%!!!
Is anyone else sceptical about lowered costs for next year or indeed any rebates, loyalty discounts etc to share in the good fortune?

you know what, fair play to them
not all companies are the devil
they are there to (a) sell us fuel and (b) reqard their shareholders

I dont hate them, unlike BT, Ryanair, Easyjet, Tesco, Madasafish et al!!!!

why should other people share in the good fortune? If you are a shareholder you'll benefit in high dividends. Their ultimate responsibility is profits to shareholders, not some happy clappy sense of duty to its customers or the community with lowered prices or rebates! Sometimes i think people confuse multinational companies as charities...

now if your complaint is about customer services, then fine, i totally understand disliking a company, but on the basis of them being successful?!I dont get it...

I do not resent BG for their success at all - my problem is that daily normal families feel the strain of limited finances. I am employed by an organisation whose responsibility is to the shareholders. Too often i see stories in the press of people for whom the financial struggle is too much and there have been very tragic endings. I just think in a time where so many families are suffering its hard to be popping champagne for the shareholders.

Chasingrainbows, if you read the detail about the company's profit, and know the challenges facing the energy industry in the UK, you'll see that they are investing 1.5 billion pounds a year into wind famrs, power stations etc. These are needed because we are

1. running out of north Sea gas and now import more than 40 per cent of the gas we need as a country

1. we have lots of old power stations that are coming to the end of their safe life and need to be shut down

1. We need to decarbonise our energy sources, and build new generation that is zero or low carbon - these newer technologies are very expensive

All the big energy companies need to invest here to ensure we get energy for years to come - and that we are greener in this area than we have been.

If you have any sort of an equity (shares) related investment - such as almost any pension plan whether personal or related to your employment, then the profits BG are making are probably benefiting you, and millions of other ordinary people who probably don't think of themselves as shareholders at all - but they are.
Pension plans are usually invested in stocks and shares (and bonds) and if those companies don't make money for their shareholders - including pension funds! - then your potential pension is worth less. If BG made much lower profits then pensioners will be likely to be worse off, and someone will have to make up for that. So who do you want to lose out?

I can see why you'd be angry with say bankers, on Tony fucking Haywood

but I think you are being naive to a high degree here. I like it when companies make money, its a sign of economic health

mummydark lays it out well