Petition · past parliament
Introduce a cap on profits made by energy companies.
Rejected
14 signatures
What the petition asks
There needs to be a cap on how much profit energy companies can make.
Right now people are struggling to pay their ever rising energy bills, meanwhile energy companies are reporting record profits. It's disgraceful that they are allowed to make so much money from people who are struggling to make ends meet.
Why it was rejected
It was not clear what the petition asked the UK Government or Parliament to do.
We understand that you are concerned about the profits that some companies are making and the impact of high costs on people. However, we're not exactly sure how you'd want a cap on profits to work, or what that cap should be.
You could start a new petition explaining what you'd like to happen. For example, you could start a petition asking the UK Government to increase its current energy profits tax to a certain level, if that's something that you'd like to see.
You may also wish to sign this petition calling for energy companies to be nationalised: Nationalise energy companies or this petition calling for a not-for-profit state owned energy provider to be created: Establish a not-for-profit state owned energy provider
You may be interested to know that the current energy price cap sets a maximum that suppliers can charge per unit of energy, and caps the level of profits an energy supplier can make to 1.9%. Ofgem are responsible for setting the energy price cap. You can find out more here:
https://www.ofgem.gov.uk/publications/ofgem-confirms-changes-price-cap-methodology-and-frequency-ahead-new-rate-be-announced-later-month
You can find out more about the Government's Energy profits tax here: https://www.gov.uk/government/publications/cost-of-living-support/energy-profits-levy-factsheet-26-may-2022
You can find out more about nationalisation and how it works in this House of Commons Library note: https://commonslibrary.parliament.uk/research-briefings/cbp-8325/
You can find out more about energy prices including support available and how and why energy prices are changing in this House of Commons Library note: https://commonslibrary.parliament.uk/research-briefings/cbp-9491/
You could start a new petition explaining what you'd like to happen. For example, you could start a petition asking the UK Government to increase its current energy profits tax to a certain level, if that's something that you'd like to see.
You may also wish to sign this petition calling for energy companies to be nationalised: Nationalise energy companies or this petition calling for a not-for-profit state owned energy provider to be created: Establish a not-for-profit state owned energy provider
You may be interested to know that the current energy price cap sets a maximum that suppliers can charge per unit of energy, and caps the level of profits an energy supplier can make to 1.9%. Ofgem are responsible for setting the energy price cap. You can find out more here:
https://www.ofgem.gov.uk/publications/ofgem-confirms-changes-price-cap-methodology-and-frequency-ahead-new-rate-be-announced-later-month
You can find out more about the Government's Energy profits tax here: https://www.gov.uk/government/publications/cost-of-living-support/energy-profits-levy-factsheet-26-may-2022
You can find out more about nationalisation and how it works in this House of Commons Library note: https://commonslibrary.parliament.uk/research-briefings/cbp-8325/
You can find out more about energy prices including support available and how and why energy prices are changing in this House of Commons Library note: https://commonslibrary.parliament.uk/research-briefings/cbp-9491/
Timeline
| 16 Aug 2022 | Petition opened for signatures |
| 17 Aug 2022 | Rejected by the Petitions Committee |
Key facts
Signatures
14
Status
Rejected
Rejected
17 Aug 2022
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Source: the official petition page. Last checked 15 Jul 2026.