Hall, David ORCID: 0000-0003-3574-8863 and Weghmann, Vera (2024) Extraction of excess dividends by energy grid companies. [Working Paper] (In Press)

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Abstract

The shareholders who own the privatised electricity and gas transmission and distribution grids of Britain extracted over £2.8bn. in dividends in 2023, as shown in the table below. These figures are taken from the accounts of the companies themselves, filed at Companies House: links are provided in the table.
That is about £100 per household, or £2 per week, taken from energy bills, not used for investment or operating the grid.
It represents more than a quarter of the total cost of the grids – which is £363 per household in OFGEM’s price cap for July-Sept 2024.

Item Type:	Working Paper
Uncontrolled Keywords:	energy dividends grid
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HJ Public Finance
Faculty / School / Research Centre / Research Group:	Faculty of Business
Last Modified:	21 Jun 2024 10:04
URI:	http://gala.gre.ac.uk/id/eprint/47452

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