1. National

Energy bills could rise again

Millions of households are being warned their energy bills may have to go up even though suppliers face the prospect of increased profits, according to a new report by regulator Ofgem.

View all 8 updates ›

Energy firms 'to make more money' per customer

These figures show how the profits of energy companies are set to rise:

  • The average margin for a typical, standard tariff dual fuel customer is approximately £50 (£5 higher than Ofgem's previous estimate)
  • But it's expected that profit margin will rise to around £70 over the next three months
  • It's because bills for some customers are going up
  • Bills may also need to rise by 14% to 25% to pay for investment to increase Britain's energy systems by developing more low carbon power stations

Source: Ofgem

More top news