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“Shame” as families face massive energy price hikes while Ofgem shares a £ 1m bonus

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Campaign group We Own It has named Ofgem staff a £ 1 million bonus “humiliation” in preparation for allowing suppliers to hit households with the largest rise in energy prices in 10 years.

Family faces significant price increases (stock image)

Ofgem staff share over £ 1m in bonus pots as households prepare to face significant increases in energy prices.

According to Watchdog’s latest annual report, compensation was £ 150,000 more than the previous year.

CEO Jonathan Breeley, who earned over £ 300,000 in salary and perks, earned £ 15,000.

This happens when Ofgem is preparing to allow its suppliers to hit households with up to 13% rise in energy prices in 10 years.

Brearley said customers could pay £ 150 more a year after raising the price limit for 15 million households at certain rates. As reported in the mirror yesterday.

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The story of our front page in the mirror






Jonathan Brearley became Chief Executive Officer of Ofgem in February 2020.
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Campaign group We Own It has named the bonus “humiliation.”

Director Cat Hobbes said:

Last year’s £ 1m bonus was shared by 777 workers, giving an average of £ 1,300 each, according to the latest annual regulatory report.











"Shame" as families face massive energy price hikes while Ofgem shares a £ 1m bonus

Source link "Shame" as families face massive energy price hikes while Ofgem shares a £ 1m bonus

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