Axing green policies 'foolish'

Calls for the Government to axe green policies in the hope of bringing down the price of energy are "short-sighted and foolish", Business Secretary Vince Cable said. Energy company SSE increased tariffs yesterday by an average of 8.2% from November.

View all 11 updates ›

SSE's profit margin already bigger than Tesco's

As SSE tell us how deeply they regret the price rise - let's note that they make 5% profit, which is higher than retail giant Tesco.

Also let's reflect on the fact that bills are going up more than 8% while wholesale prices are only up around 4%.

SSE's new average dual fuel bill will now be £1,465 - it's the level where we know people become so squeezed that they turn heating down....or off.

More on this story