Centrica profits show “Britain’s energy market is broken”

Commenting on today’s (Thursday) profits by Centrica, TUC General Secretary Paul Nowak said:

“Britain’s energy market is broken.

“While millions of families struggle to heat their homes, firms like Centrica are raking in monster profits.

“It is time to bring energy retail companies into public ownership.

“Privatisation has been a disaster for hard-pressed households. The only real winners have been shareholders who have creamed off hundreds of millions in dividends.

“That’s why the TUC is calling for the government to set up a public energy company to lower bills.”