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Home Latest News

Profit margin of six big British energy groups to increase to 9pc this year

byM. Usman Tariq
31/01/2015
in Latest News
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LONDON: Profit margins of big six British energy groups are expected to rise to 9 percent this year after wholesale prices tumbled.
The energy regulator said that it expected suppliers to make £114 annual profit per household using electricity and gas, which reflects a 9 per cent margin, in the next 12 months.
This is £9 more per household than Ofgem estimated in November, while estimated margins have more than doubled in the past two years.

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