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Energy companies’ profits set to rise

Profit per customer could rise to £65 by Christmas

Energy companies price rises

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. 

Find out how much you could save on your gas and electricity bills with the Which? Switch energy calculator.

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.

Switch gas and electricity supplier

With more suppliers likely to raise their prices in the lead up to Christmas, now is a good time to consider switching energy provider. 

The Which? Switch energy calculator allows you to compare gas and electricity prices online or you can call Which? Switch on 01992 822 867 for advice on energy tariffs over the phone.

Making sure your house is well insulated is another good way to cut your energy bills – you could save as much as £175 by insulating your loft and another £135 by fitting cavity wall insulation.

Energy suppliers rated

If you’re thinking of switching energy providers, take a look at the results of our energy suppliers satisfaction survey. We’ve rated 16 companies for customer service, value for money, accuracy and clarity of bills and how they help you to save energy. 

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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