Campaigners Cite Survey Showing Energy Profits Hit £8 Billion in Nine Months
What happened
Simon Francis and Jonathan Bean commissioned a survey from Survation, which found that monopolies in the energy sector posted over £8 billion in profits from Great Britain alone during the first nine months of 2026. The survey also indicated that nearly 60 per cent of the public considers the level of profits in the energy industry to be unacceptable.
Why it matters
The findings highlight a significant disparity between high corporate profits and the high energy bills faced by ordinary households. Campaigners used the results to urge the government to take action on energy costs, criticizing the industry's profiteering.
Who's involved
- Simon FrancisCommissioned the survey and criticized energy firms' profit haul.
- SurvationBritish polling and market research company that conducted the survey.
- Jonathan BeanCited the findings of the Survation poll.
- ShellBritish multinational oil and gas company criticized by campaigners.
- BPBritish multinational oil and gas company mentioned in the context of industry challenges.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ShellSpeculative
Shell might face regulatory or market pressure due to public sentiment regarding its profits.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Public outcry over energy profits may pressure OfgemPublic pressure over energy profits may force Ofgem to review market oversight.Possible
- Labour may need to address public anger over energy profitsLabour may need to address public anger over energy profitsPossible
- Public outrage over energy profits may pressure ShellPublic outrage over energy profits may put pressure on Shell and other energy firmsPossible
Keep exploring
The entities involved
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Simon Francis
English footballer (born 1985)
Nothing else this week.
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Survation
British polling and market research company
Nothing else this week.
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Jonathan Bean
Businessperson from Sweden
Nothing else this week.