Profits slide at big six energy firms as 1.4m customers switch

Profits slide at big six energy firms as 1.4m customers switch
 

Britain’s biggest energy firms saw their profits dive by 10% last year as more than 1 million customers left them for smaller challenger companies.
Profits at the so-called big six firms fell from £1bn to £900m in the face of increasingly tough competition, and their market share dropped to a record low of three-quarters.
But figures published by the energy regulator, Ofgem, revealed huge differences in the companies’ profitability.
The market leader, British Gas, maintained a healthy margin of 8% as an ongoing cost-cutting drive offset the loss of hundreds of thousands of customers.
SSE... read more

 
Thursday, 13:45 in Business, Views: 51
Source: Guardian
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31