National Grid’s profits ‘shameful’ as workers face job losses

Unions have condemned National Grid’s £3.6 billion profits for the last year as they claim hundreds of workers could soon face potential job losses. Whilst energy prices rise and consumers struggle to pay their bills, GMB – the union for workers in the energy sector – said the company’s profits are “shameful”. Gary Smith, GMB’s […]

‘Billions unspent preparing homes for energy price hikes’

Billions of pounds are going unspent in the Government’s new scheme to insulate homes, a trade union has warned. The new Energy Company Obligation (ECO) which has replaced two existing schemes – the Carbon Emissions Reduction Target (CERT) and the Community Energy Saving Programme (CESP) – obliges energy suppliers to improve the energy efficiency of […]

Centrica’s £16.4m for pay and bonuses ‘obscene’

The union for energy workers have condemned the payouts to Centrica’s bosses’ and slammed it as “obscene” as five executives got a total of £16.4 million in pay and bonuses last year. The figure is from its Annual Reports and Accounts for 2012, which also showed British Gas made £606 million in profits last year […]