Energy industry profits hit half a trillion pounds while bills rise

The President of Simtel revealed at the meeting of the Carpathia Investment Club (CIC), at Urania Social Hub Cluj, the investment opportunities in the energy field. “It makes sense to invest in the energy supply market, although we will see that almost all companies in this market will report, for 2024, either losses or very small profits compared to other years. Some imbalances appear here: you rely on taking some energy from the market and som…

Energy industry profits hit half a trillion pounds while bills rise

Energy giants have pocketed over £500 billion in profits since the energy crisis started according to an updated analysis of company reports. [1] Researchers working for the End Fuel Poverty Coalition examined the declared profits of firms ranging from energy producers (such as Equinor and Shell) through to the firms that control our energy grid (such as National Grid and UK Power Networks) as well as suppliers (such as British Gas). As energy p…