Govt: Profits 'are a matter for energy firms to justify'

The Department of Energy and Climate Change said it is up to the energy companies to justify their profits.

An electricity meter.
Ofgem said the 'Big Six' energy firms made an average 20% profit on energy generation. Credit: Jens Buettner/DPA/Press Association Images

A departmental spokesman said: "Profits are a matter for energy companies to justify to their customers and shareholders, but profits are needed if they are to continue to invest in Britain's energy security and infrastructure".

Read: ITV News business editor Laura Kuenssberg's blog on how much money the energy companies are really making

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