Energy companies’ profits set to riseProfit per customer could rise to £65 by Christmas
02 October 2012
Energy companies’ profits are set to rise to £65 per dual-fuel customer over the next three months, according to a new report from the energy regulator, Ofgem.
Profits from dual-fuel customers could rise from £40 per customer to £65 over the last three months of 2012, according to its latest estimate.
The news from Ofgem comes after SSE, Britain’s second largest energy company, announced plans to increase gas and electricity prices by an average of 9% this winter.
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Ofgem's estimate is based on a snapshot of the net profit earned by a provider supplying a typical, standard dual fuel tariff for the next 12 months.
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With more suppliers likely to raise their prices in the lead up to Christmas, now is a good time to consider switching energy provider.
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We’ve provided a customer score for each company and our results show that smaller providers are streets ahead of the big six energy suppliers, British Gas, EDF, Eon, Npower, SSE and Scottish Power.
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