Energy UK, which represents the energy industry, said Ofgem's figures did not take into account the costs of "huge investment" being made by the "Big Six" firms.
It claimed the energy regulator had also used profits calculated before interest payments and tax were deducted.
The main reasons customers have seen their household bills go up is because the cost of gas and electricity have gone up as well as other add-ons, such as the social and environmental policies, rising fast.
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It's another mild day in the north and west, but cold in the south and central England.
The singer, songwriter and rhythm guitarist for the British rock'n'roll band died on Christmas Eve aged 68.
During a five-day period last week, two police forces stopped 151 motorists for various offences on the M3, M4, M40, M27 and A34.