Energy profits 'eroding trust'
Trust in the energy market is being undermined by a lack of transparency about profits being made by companies, MPs warned today.
Trust in the energy market is being undermined by a lack of transparency about profits being made by companies, MPs warned today.
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 Labour former cabinet minister was in the chamber for a backbench debate led by Labour MP Sarah Jones, who used to work for Lady Jowell.
A police officer narrowly escaped injury and possibly even death after a house exploded just yards in front of him.
Temperatures soared to 27.9C in the London town of Northolt making it the hottest day in April since 1949.