Energy firms 'conceal profits'

Market experts have suggested that the Big Six energy firms have not been 'fully candid' about their profit margins, according to reports.

Experts suggest Big Six energy firms 'conceal profits'

Market experts have suggested that the Big Six energy firms have not been 'fully candid' about their profit margins, according to reports.

The Big Six face further questions Credit: Press Association

The firms have been accused of misleading consumers over why bills are so high by glossing over the large mark-ups they charge for generating electricity, it has been claimed.

According to The Independent, the industry’s figurehead, Angela Knight, said suppliers worked on margins of just give per cent which were justified to pay for “extremely large” investments necessary in their businesses.

Read: Energy firms 'most unpopular'

Public back Miliband price freeze

Three in five Britons believe that Ed Miliband is right to propose a freeze on energy prices given the recent behaviour of energy companies, an ITV News poll suggested.

Labour leader Ed Miliband has proposed a freeze on energy prices. Credit: ITV News

However, the scrapping of green taxes seems to be more popular with the British public, with 47 percent saying that they would prefer to see the taxes scrapped than energy prices frozen, as opposed to 23 percent who didn't.

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Energy suppliers are 'ripping people off' - poll

Two thirds of the British public feel they are being "ripped off" by their household energy supplier, according to the results of an ITV News poll.

Most British households do not trust their energy supplier, according to a new poll. Credit: PA

Almost three quarters (74%) of respondents in the Com Res poll said they did not trust the 'Big Six' energy companies, while 68 percent said there was little competition in the sector.

Poll: Energy companies more unpopular than banks

Energy companies are currently more unpopular than banks and politicians, according to an ITV News poll.

Most respondents said they did not trust the 'Big Six' energy companies. Credit: PA

Seven out of 10 respondents had an "unfavourable" view of their household energy supplier, the worst feedback for any group in a survey that also included journalists, builders and mobile phone networks.

More: How to cut your energy bills