Energy UK CEO: 'Profits are necessary'

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.

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Angela Knight, chief executive of industry trade association Energy UK, has defended the profits the sector makes.

Energy UK CEO Angela Knight defended the profits the sector makes. Credit: PA

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."

Last updated Mon 29 Jul 2013

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