I understand the retail suppliers profit is capped at 1.9%. The ones making enormous profit just now are the suppliers of renewables who sell their electricity to the market at the same price as electricity generated by gas.
Indeed, So there is scope for market reform as the new p.m has suggested they’ll look into it. They’ve had it to good for to long and yes it creates money to invest in more alternative renewables but now gas has risen so much and imo won’t really come down anytime soon. The time has come to break that tie to the price of gas and it should make it a more viable option than ever.