- 11 updates
Angela Knight, chief executive of industry trade association Energy UK, has defended the profits the sector makes.
She told BBC Radio 4's Today programme that profits are dependent on world energy prices were necessary so companies could invest in infrastructure.
"Profit is actually a good thing and a very important thing because of the huge amount of investment that needs to be made in this country."
The Citizens Advice Bereau said that the Government's fuel poverty strategy should include "comprehensive, legally binding targets to end fuel poverty" to avoid a "vicious cycle" of rising bills and increasing poverty.
Ed Davey, the Secretary of State for Energy and Climate Change, has told Daybreak he is "very worried" about people's electricity and gas bills and said the "big six" energy companies needed to be more transparent.
"They need to be held accountable for the profits they make and they need to declare them in a much clearer way," The Liberal Democrat MP said.
Britain's energy market is "not working in the public interest" and regulator Ofgem is "failing consumers", shadow energy secretary said today.
Caroline Flint said:
More needs to be done to stop the Big Six energy companies profiteering at the expense of hard-pressed households and the planet, charity Friends of the Earth said today, after MPs warned profits were seen to be "eroding trust".
Energy campaigner Guy Shrubsole said:
The Government is "doing all they can" to help consumers keep their energy bills down, the Energy and Climate Change Secretary said today, after MPs warned energy regulator Ofgem to ensure energy companies were "transparent" over their profits.
Ed Davey said: "We are using the Energy Bill to ensure that all households will be able get the best deal for their gas and electricity as soon as possible.
"This means getting people off poor-value dead tariffs, cutting the number of tariffs and giving consumers clear personalised information on their bills so they can compare and switch supplier.
"Our policies to support renewable energy and reduce energy waste are insulating consumers from the rising cost of fossil fuels. And by 2020, our analysis shows household energy bills will on average be £166 lower than they would be if we did nothing."
Energy regulator Ofgem has welcomed a Select Committee report on energy profits, which found that the regulator was not doing enough to ensure that energy company profits are "transparent".
Ofgem's senior partner for markets, Rachel Fletcher, said:
Consumer watchdog Which? have criticised energy companies over its "lack of transparency", after MPs warned that trust was waning.
Which? executive director Richard Lloyd said: "Hard-pressed consumers consistently tell us that the spiralling cost of their energy bills is one of their top financial concerns, with energy companies trusted by fewer than a quarter of their customers.
"People will not feel confident that they are paying a fair price for their energy unless prices are simplified and the costs that make up our energy bills are open, transparent and subject to robust scrutiny.
"The Government and regulator must do more to rebuild trust in the suppliers and to keep prices in check".
Fuel poverty charity NEA has welcomed a report reprimanding energy companies for their "lack of transparency". The charity said that current measures to address the level and depth of fuel poverty did not constitute an "ambitious strategy."
External affairs manager Peter Smith said:
MPs have made a series of recommendations to energy companies, including making energy bills easier to understand and for prices to be compared with those of other companies, after they warned that "trust" was "eroding".
There were "serious shortfalls" in the way energy companies communicated with customers, although improvements have been made, said the report.
Speaking on behalf of the committee, Liberal Democrat MP Sir Robert Smith said: