'Obscene': Energy firms have posted £457bn in profits since start of energy crisis, study shows

Cecilia Keating
clock • 3 min read
Credit: iStock
Image:

Credit: iStock

Insulation and investment in renewables needed to end 'vicious cycle of bill shocks', End Fuel Poverty Coalition warns

Just 20 leading energy companies have raked in £457bn in profits since Russia's invasion of Ukraine triggered an energy crunch that sent household bills soaring, a new analysis of company reports has revealed....

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Global Briefing: Finland closes its last major coal-fired power station

Global Briefing: Finland closes its last major coal-fired power station

Helsinki shutters its last utility scale coal power plant, Brazil appoints its COP30 champion, and Apple ramps up China renewables investment

BusinessGreen staff
clock 04 April 2025 • 10 min read
'Very misleading': Row erupts over zonal pricing cost claims

'Very misleading': Row erupts over zonal pricing cost claims

Rival camps in the debate over proposals for zonal electricity pricing are once again at loggerheads over whether reforms would deliver promised cost savings

James Murray
clock 04 April 2025 • 7 min read
'The major most committed to the energy transition': TotalEnergies strengthens methane targets

'The major most committed to the energy transition': TotalEnergies strengthens methane targets

Oil and gas giant beefs up target to deliver 60 per cent reduction in methane emissions from its facilities against 2020 levels by the end of this year

Michael Holder
clock 28 March 2025 • 2 min read