Damien Jordan

And the CEO of British Gas, which is part of Centrica, received a £3.6 million bonus last year.

Obviously, he's got a big job and an important job, and there's a commercial rate you have to pay for talent.

But when people hear record bills, and then they see those kinds of bonuses, they think, how are you regulating the profits?

Is it already too late by then though?

It's like the, you know, you've only got limited control over a tiny slice of what they do and all the money's being made upstream.

Should you focus there?

Yeah.

Why do you think it gets that scrutiny versus other industries that might have that level of profit?

You know, goods and bad times, as you say.

You think the price cap is the way that you can influence that and protect people, you would say?

If you compared it to, say, supermarkets in the recent inflation spike, I think a lot of people felt that prices probably went up quicker than... Maybe there was profiteering within it.

What you're saying is the price cap eliminates that ability to profiteer by going, oh, our costs have gone up 3%, but we're going to stick on a 10%, because you're basically saying you can only make so much profit.

You talk on natural monopolies, and

Oligopoly might be the term for the energy suppliers.

You move to an area and you've got a few different choices.

Why do you think there should be any profit within this part of the system?

We have a listener's question from Hydro Hobbyist.

Oh, God.

Yeah.

For the standing charge.