Excessive Profit Reallocation Charge

Get excessive profits paid back to consumers: https://youtu.be/aAmR_Ew3EeM

Hi everyone,

Firstly, I want to apologise for not having a solution in last weeks video. If you haven't seen it, I was reacting to the news of British Gas announcing almost £1bn in profit for the first 6 months of 2023, and I was mad and didn't offer any real solutions apart from emailing Ofgem and your local MPs with out thoughts. 

The video I've linked to above is an attempt at fixing the problem. We're asking Ofgem to put a charge on the price cap for 12 months that allow us to recoup some of those excess profits. Watch the video, feel free to read my letter to Neil Kenward and then get involved if you think it's a good idea. 

If you have any questions, please reach out to me at Richard@over50smoney.com and as always, please copy support@over50smoney.com into any emails you send to Ofgem.

Thanks everyone,

Richard Winstone