We have known about excessive profits for years. Year on year we saw companies making billions in profits and then hiking their prices again just months later... I have not always agreed with my Party that Ofgem should be abolished, but my faith in them has hit rock bottom. I have to ask myself why this has not been done sooner.
For a company so egregiously engaged in deception on a mammoth scale, SSE have got off almost scot-free in financial terms, and they and their peers know it. Ofgem levied a penalty equivalent to just 0.5% of SSE's annual revenues, demonstrating again quite how toothless and ineffectual the regulator remains.