Energy bills can’t fall without more exploration
Christopher Snowdon quoted in The Scottish Daily Express
Joseph Dinnage writes in The Daily Express
Andy Mayer talkTV
“When we were talking about this last year, people were predicting that these profits would be even higher because we’d have a cold winter. We didn’t get a cold winter, so if you were the kind of trader who made that kind of bet then, you’d have lost a lot of money.”
Andy also highlighted the specific areas of Centrica’s operations that had driven the increased profits:
“The bit that’s tripled in profit is straightforwardly the bit that’s drilling for oil and gas – and that’s the bit we really need to create security of supply and ensure in the long-term that bills come back down.”
You can see Andy’s full appearance here (1:08:11).