Energy infrastructure companies in the UK have reportedly accumulated nearly £4bn in excess profits over the last four years, according to analysis by Citizens Advice. The consumer charity has assisted nearly 700,000 individuals struggling with utility bills, with over five million households in debt to their suppliers due to increased energy costs following the Ukraine-Russia conflict. Energy network companies, which are monopolies regulated by Ofgem, have allegedly profited from high inflation and the cost-of-living crisis by setting network charges that make up around 25% of a typical fuel bill, covering the costs of maintaining and operating crucial infrastructure.
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Europe has a weaker hand than it thinks on Ukraine
European leaders have adopted the term "coalition of the willing" while convening to support Ukraine, a shift marked by irony given their previous inaction during the Iraq invasion. Despite meetings among 30 nations and promises of military aid, the coalition's effectiveness is undermined by insufficient troop commitments, funding challenges, and a lack of political will among European populations regarding troop deployments. Leaders should prioritize feasible initiatives such as aiding Ukraine in building its military and...
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