Minister to investigate energy firms after profit claim

Minister to investigate energy firms after profit claim
 

A claim that energy suppliers are making larger profits than they have admitted is to be investigated by the business secretary, Greg Clark.
Gas and electricity firms may be making six times more than they state, according to the Sun newspaper.
However, trade body Energy UK rejected the Sun's claims, saying they were "a misrepresentation of the facts".
The allegations were based on a report commissioned by Energy UK from accountancy firm PwC.
According to the regulator, Ofgem, UK energy firms make a 4% profit margin on the price of a typical dual fuel bill.
But using figures in... read more

 
14 November 2016 in Business, Views: 40
Source: BBC
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