"ScottishPower warned domestic customers yesterday that they face a further round of increases in their gas and electricity bills. The company, which has 5.25 million customers, said rises were "unavoidable in the short term" because of the continuing high price of energy on the wholesale markets.
ScottishPower raised its domestic gas prices by 12% in October and 15% in March. Electricity prices rose between 5% and 8% last year and a further 8% in March.
Yesterday the company reported that its pre-tax profits for the year to end of March had risen by 47% to £675m. Its energy retail and wholesale business saw operating profits rocket by 129% to £214m."
Is this what they meant by the unacceptable face of capitalism?