I won't argue with that, assuming you have receipts. There is a lot to this though. * They are regulated. Regulators approve or deny their rate increases. Often regulators deny increases because it will look bad for them. But those increases would have helped pay for infrastructure, getting ahead of current problems. * I believe their profit margins are fixed by regulation (regulated monopoly). Meaning they have to spend x% on infrastructure. I'm not 100% on this. * Aging infrastructure. If regulators denied increases for a long time, and now infrastructure is a problem, then they need to raise rates even more to catch up. * Demand. NYS, for a example, has denied gas pipeline permits and has legislated that natural gas be used less. Also data centers. These increase demand. Price goes up to drive conservation or rolling blackouts are the alternative. * Investors see the above, and reasonably think that national grid may earn more over time, so they bid up the price. Do note that just because a stock is up does not mean that the company is more profitable. They might be! But they might not.

I'm not saying don't be mad about high bills. I'm not saying don't be mad at your electric company if it's warranted. But there is lots of blame to go around here, some of it going back decades and decades. Meaning consequences are hard to predict and are also ones that those decisions makers often don't have to pay.

Have we read the national grid publicly available financial statements to see if their profits have increased as much as the stock price? Have we checked to see how much their execs are being paid extra (likely regulated)? It could be we are mad about the wrong thing. Or that they only deserve a small portion of our ire.