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This Is Why Your Energy Bills Are So High - Fine Print | MeeTV

This Is Why Your Energy Bills Are So High

News & Politics2/13/2026

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The energy price cap has a guaranteed profit margin written into the formula. You were never the one being protected. 🎬 Watch ad-free and support independent content on MeeTV: https://rebrand.ly/MeeTV While 5,000 people die in cold homes every year, energy companies post record profits — profits the regulator literally builds into your bill. The CEO of British Gas's parent company made £8.2 million and admitted on live TV he "can't justify it." He took it anyway. This video breaks down exactly how the system was rigged: the price cap that doesn't cap your bill, the standing charges funding foreign billionaires, and the revolving door between the regulator and the companies it's supposed to police. SOURCES: Price Cap & Supplier Profits: Ofgem Price Cap Methodology: https://www.ofgem.gov.uk/energy-price-cap Guardian — Ofgem price cap and EBIT margin increase: https://www.theguardian.com/money/2023/may/25/britain-energy-price-cap-fall-ofgem-gas-electricity-bills Christine Farnish resignation: https://www.theguardian.com/business/2022/aug/17/ofgem-director-christine-farnish-quits-over-energy-price-cap Foreign Ownership & Network Profits: Citizens Advice — £3.9bn excess network profits: https://www.theguardian.com/business/2025/feb/20/energy-network-owners-have-made-39bn-from-higher-bills-says-report University of Greenwich — Grid dividend extraction: https://gala.gre.ac.uk/id/eprint/47452/ Revolving Door: openDemocracy — Daniel Norton and industry insiders at Ofgem/BEIS: https://www.opendemocracy.net/en/ofgem-energy-price-cap-revolving-door-bills-government-oil-bp/ Prepayment Meters & Human Cost: The Times — British Gas forced installations investigation (Feb 2023) Reuters — 94,000 forced prepayment meter installations: https://www.reuters.com/world/uk/more-than-94000-prepayment-meters-forcibly-installed-britain-2022-government-2023-03-27/ Guardian — Barbara Bolton inquest: https://www.theguardian.com/uk-news/2023/apr/03/woman-87-died-from-hypothermia-for-fear-of-high-energy-bills-inquest-hears End Fuel Poverty Coalition — Excess winter deaths: https://www.endfuelpoverty.org.uk/ Standing Charges: Guardian — Standing charge increases: https://www.theguardian.com/money/2022/mar/06/why-is-my-standing-charge-up-by-80-energy-firms-pile-on-the-agony CEO Pay: Guardian — Chris O'Shea "can't justify" £8.2m salary: https://www.theguardian.com/business/2024/jan/19/boss-of-british-gas-owner-says-it-is-impossible-to-justify-his-pay-chris-o-shea #energybills #ofgem #pricecap #ukenergy #costofliving

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