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.
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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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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