Why are electric and gas bills going up, but oil companies making record profits?

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I thought the reason they were increased is so we could get the same power with reduced supply?

However a fair few power companies are reaching ridiculously high record profits, which goes against the grain of that idea.

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18 Answers

Anonymous 0 Comments

Because a business is designed to make profits no matter what their raw materials costs are.

The alternative would be to only make profits when the cost of materials is low, then go out of business when the price of raw materials rises.

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