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.

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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

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