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Energy company and Scottish Power owner Iberdrola has revealed its profits for 2026 so far, including £2.2 billion in UK earnings. That means in the five minutes it takes to microwave a meal, Iberdrola would make around £25,000 on its UK operations alone.

Energy company and Scottish Power owner Iberdrola has revealed its profits for 2026 so far, including £2.2 billion in UK earnings. That means in the five minutes it takes to microwave a meal, Iberdrola would make around £25,000 on its UK operations alone.

End Fuel Poverty Coalition

@endfuelpoverty.bsky.social

0 vue Publié le 21/10/2026 17:15 0:08

1 commentaire

End Fuel Poverty Coalition @endfuelpoverty.bsky.social · 21/10/2026 17:15

The firm that controls the electricity network for millions of customers in Scotland, Wales and North West England has made these profits as a new survey has found that 9 million homes will be heading into winter in energy debt.

End Fuel Poverty Coalition @endfuelpoverty.bsky.social · 21/10/2026 17:15

With the Budget on the horizon, the Chancellor must use it to clear this energy debt mountain before it gets worse. The Budget must also be used prepare an Emergency Heat Tariff covering gas, electric and heating oil homes, while also expanding the Warm Home Discount.

#EndFuelPoverty #EnergyBills