Boris Johnson met leaders from some of The largest energy companies in the UK on Thursday to discuss cost of life crisis.
Johnson was accompanied by Chancellor Nadhim Zahavi and business and energy secretary, Kwasi Kwarteng. Zahavi subsequently stated that the energy companies had agreed to “do more to help in people who most need it,” but did not elaborate on what that would entail.
The leaders were from power- generating companies – owning assets including wind farms and nuclear power stations, not oil and gas companies hit contingency tax, officially known as the energy income tax, after in unprecedented profit caused in part of the war in Ukraine.
However, the risk remains that the tax could be extended power generating companies amid allegations of also enjoyed a bonanza from high energy prices.
Below are the companies that took part in the meeting, as well as with their profits and remuneration to managers. While everyone is working in UK, many of them are headquartered abroad.
Aeon
Profit: €4.06bn (£3.4bn) in first half 2022
CEO: Leonard Birnbaum
His salary: 1.2 million euros (1 million pounds). in 2021
Headquarters: Germany
National Network
Profit: £3.4 billion in 2021-22
CEO: John Pettigrew
His salary: £6.5m. in 2021-22
Headquarters: UK
RVE
Profit: €2.6bn (£2.2bn) in first half 2022
CEO: Markus Krebber
His salary: 4.3 million euros (3.6 million pounds). in 2021
Headquarters: Germany
Oersted
Profit: €1.75bn (£1.5bn) in first half 2022
CEO: Mads Nipper
His salary: €2m (£1.7m) in 2021
Headquarters: Denmark
Centric
Profit: £1.3 billion in first half 2022
CEO: Chris O’Shea
His salary: £775,000. in 2021 (£1.1m bonus refused)
Headquarters: UK
SSE
profit in 2021/22: £1.2bn
CEO: Alistair Phillips-Davies
His salary in 2021: £4.5m
Headquarters: UK
Uniper
Profit: €1.2bn (£1bn) in 2021
CEO: Klaus-Dieter Mobach
His salary: 1.9 million euros (1.6 million pounds). in 2021
Headquarters: Germany
Scottish strength
Profit: £925 million in first half 2022
CEO: Keith Anderson
His salary: £1.35 million. in 2021
Headquarters: UK
Drax
Profit: £225 million in first half 2022
CEO: Will Gardiner
His salary: £2.7 million. in 2021
Headquarters: UK
PSU light source
Losses: £42.3m in 2020
CEO: Nick Boyle
To pay of highest paid director presumably CEO: £632,000 in 2020
Headquarters: UK
EDF Energy
Losses: €5.3bn (£4.5bn) loss in first half 2022
CEO: Simone Rossi
To pay of highest paid director presumably CEO: £1 million in 2021
Headquarters: UK (but owned by French government)
