Big oil companies are making record profits while consumer energy bills soar. We spoke to finance reporter Jasper Jolly to find out why
There’s an emergency growing in the UK. The cost of electricity bills is climbing, and will almost certainly soar even higher as we approach the colder months. As Morgan Wild, head of policy for Citizens Advice, tells Michael Safi, people are increasingly unable to pay, resorting to desperate measures such as borrowing electricity from neighbours.
At the same time, the Guardian’s finance reporter, Jasper Jolly, says oil and gas companies are posting record profits. As the race to decide the next prime minister continues, pressure is mounting on the two candidates to announce a fresh support package for struggling households.
(SOURCE) https://www.theguardian.com/news/audio/2022/aug/10/the-uks-energy-bill-crisis-explained-podcast