That the Parliament is concerned that energy companies have reportedly posted record profits during the first half of 2022, despite the ongoing cost of living crisis; understands that Centrica, which owns British Gas, has reported operating profits of £1.3 billion, its highest in 10 years, and that Shell posted record results with an $11.5 billion second-quarter profit, reportedly beating the huge profits it recorded only three months ago; further understands that the UK Government’s “energy profits levy” did not come into force until July, and that such record profits and pay-outs to shareholders will therefore be unaffected; is further concerned about reports of a 77% rise in energy bills predicted to hit households in October, with a subsequent rise forecast in January 2023; understands that, by October, the average annual household bill will reach £3,500, and agrees with the financial journalist and broadcaster Martin Lewis’s reported warning to the UK Government to urgently intervene on surging gas prices as they will have a "frankly catastrophic" impact on millions of people in the UK later this year.