Utilities bills increasing again. Why is nothing being done to stop this rip off?

[Cattreesea]

Yet again our bills are going to increase: 6.4% rise from April with more increases throughout the year coming.

At the same time a Citizen Advice report shows that the companies behind Great Britain’s gas pipes and power lines have pocketed a windfall of nearly £4bn from household bills.

Why is the regulator, and successive governments, failing to curb these endless increases (something which other countries seem to be able to manage to do).

My salary is certainly not increasing by 6% this year...

AIBU to think that this is going to strangle further any economic recovery (as people will have even less spare cash) and push people into further poverty and that our spineless regulator needs to be replaced so it puts the needs of customers first?

Why is the regulator, and successive governments, failing to curb these endless increases (something which other countries seem to be able to manage to do).

Because pension funds hold £88 billion in energy shares.

Because this country is completely set up to service the retirement expectations of people over 60, and ignores the struggle of those today, because "if they just gave up their iPhones and coffees, and struggled like we did".. etc

Because governments would rather we do just what I did, and set about each other, rather than criticise the profits of those behind the energy companies that they shield

The regulator is toothless and a disgrace. We should be holding them to account to upgrade infrastructure, offer proper pricing to people, but instead the profiteering will continue.

Because we have to be a net zero example to the whole World (who have no intention of following us 🤫), so have pretty much the highest energy prices anywhere. Milliband doesn't even what to use what we have under the ground so we import it. Madness.

I recommend people listen to the episode on why UK pension funds aren't investing in the UK by The Rest Is Money.

The guest explains well how a LOT of our utilities and infrastructure have been bought by massive overseas pension funds so the wealth and investment is literally being syphoned overseas.

It's a complex fix and it's disgraceful how it's been allowed to get to this point, but I don't see how we'll ever achieve economic growth until Chancellors stop fiddling around the edges of this kind of thing and make some big reforms.