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SSE profits rise 38%

SSE, one of the big six energy firms, has revealed a 38% rise in profits in their half year results. The company says supplying energy only accounts for 8% of the figure.

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Energy customers need protection from being 'ripped off'

Labour's Shadow Energy and Climate Change Secretary, Caroline Flint, says customers will not understand how energy companies can get away with inflation-busting price rises when their profits are already increasing. She said:

"In the wake of the allegations this week about price fixing in the electricity and gas markets, the time has come for a complete overhaul of our energy market.

"We need a One Nation government to break the dominance of the energy giants, open up the energy market, protect vulnerable customers from being ripped off and create a tough new energy regulator with the power to force energy companies to pass on savings to consumers."

SSE revealed profits are up by around 40% Credit: Press Assocation

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