EVERYONE knows the big six energy companies are profiting at the expense of their customers. But that is what they are supposed to do. Indeed, it is what they are legally obliged to do.
The higher the CEOs of the big six raise energy prices, the higher the companies’ profits. The higher their profits, the higher the CEOs’ performance-related bonuses. So running an energy company is basically a licence to print your own bonuses.
But what can we expect? When we allow the privatised energy companies to serve their CEOs’ greed first, at our expense, then we shouldn’t be surprised that we are being ripped off.
We don’t want energy companies to profit at the expense of their customers. We don’t want a profit system. We want a different, planned economic system, which doesn’t put profit first. ■