FRESH profits recorded by oil giants Scottish Power and Total are a “kick in the teeth” for struggling households, campaigners said today.Scottish Power owners, Iberdrola, reported a rise in profits in the first quarter of 2026, claiming growth is driven substantially by its regulated network operations in Britain.The firm made nearly £1 billion in profits in Britain during the first three months of the year, up from £0.8bn in the first quarter of 2025 — a 19 per cent increase.

FRESH profits recorded by oil giants Scottish Power and Total are a “kick in the teeth” for struggling households, campaigners said today.

Scottish Power owners, Iberdrola, reported a rise in profits in the first quarter of 2026, claiming growth is driven substantially by its regulated network operations in Britain.

The firm made nearly £1 billion in profits in Britain during the first three months of the year, up from £0.8bn in the first quarter of 2025 — a 19 per cent increase.

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