"Outrage has erupted among Independent readers after the UK energy watchdog Ofgem approved a 28bn investment to upgrade gas and electricity networks, which is expected to push household bills up by 108. Many pushed back at the idea that consumers should bear the cost, stressing that energy companies are already highly profitable and that past underinvestment is a result of prioritising shareholder dividends over infrastructure."
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."
Ofgem approved a 28bn investment to upgrade gas and electricity networks, expected to push household bills up by 108. Readers reacted angrily, arguing that consumers should not bear the cost and noting that energy companies are already highly profitable. Many said past underinvestment resulted from prioritising shareholder dividends over infrastructure and urged that existing profits be used to fund improvements. Commenters questioned regulator effectiveness and suggested government buybacks to ensure reinvestment. Several acknowledged that investment is needed for energy security and a cleaner transition, but emphasised that consumers should not be punished for costs companies could absorb.
Read at www.independent.co.uk
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