Feck knows where this quote came from
iirc when BG (and perhaps BT) were first privatised wasn't there, due to the essential nature of the services they provided, some sort of structure whereby they had to price their services to the consumer on a cost plus basis, again iirc they were permitted to get no more than an 8% return on equity - I assume that has long since gone out of the window.
That would be my argument, yes they have to make a profit etc but should there be a limit on that ?
Rather than a ‘price cap’ (sic) that keeps getting raised so they keep their profits.