Energy regulator boss faces MPs
The man charged with regulating the energy industry will answer to MPs later today after it emerged profits of Britain's "Big Six" energy suppliers multiplied five-fold to more than £1 billion since 2009.
The man charged with regulating the energy industry will answer to MPs later today after it emerged profits of Britain's "Big Six" energy suppliers multiplied five-fold to more than £1 billion since 2009.
There has been "some evidence" of a profit rise for the Big Six caused by higher bills for consumers, the energy regulator said.
However, bill increases in 2012 were caused by a rise in wholesale prices, a report from Ofgem found.
According to the report:
Read more: In numbers: Profits of energy 'Big Six' energy firms revealed
Read more: How much money are the energy companies really making?
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