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energy cap should reflect their overall profits not for energy supply only

Submitted on Thursday 25th August 2022

Rejected on Tuesday 30th August 2022

Current status: Rejected

Rejection code: irrelevant (see below for details)

Petition Action

energy cap should reflect their overall profits not for energy supply only

Petition Details

it should be capping large companies making obscene profits from energy. The price caps should reflect the companies overall profits not just the figures manipulated by massively overpaid accountants that imply they make a loss supplying domestic energy

Additional Information

people are suffering - people are choosing between food or heating and energy companies announce record profits of many many billions increasing year on year as they hike prices saying the profits come from other sources. The government should nationalize energy again or simply cap the enrgy companies profits at 40% total for all their ventures combined. massaging figures and saying the make a loss whilst earning record profits in the BILLIONS not even millions range. It is profitering at its extreme


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This petition was rejected

The Government e-Petitions Team gave the following reason:

The calculation of the energy price cap is a matter for the regulator Ofgem, which is operationally independent of the UK Government and House of Commons. You can find out more about how the price cap is calculated here: www.ofgem.gov.uk/information-consumers/energy-advice-households/check-if-energy-price-cap-affects-you.

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