Ofgem boss 'understands anger' over energy firms

Ofgem boss Andrew Wright has acknowledged a "deep distrust" of energy companies among consumers and said he "completely understands" frustration and anger about rising bills.

The energy regulator's chief executive told the Commons Energy and Climate Change Committee that consumers were not convinced that price increases were either fair or justified.

Ofgem's chief executive, Andrew Wright. Credit: ITV News

He said: "I completely understand why people feel frustrated and angry about rising energy bills. Prices have more than doubled over the last 10 years at a time when incomes have been squeezed, and consumers are not convinced that price increases that they see are either fair or justified."

Read: Energy regulator boss faces MPs

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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.