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Energy companies see profits rise further


The big six energy companies saw their profit margins increase by 4.3% in 2012, which does not include the effects that could be felt from the recent rise in energy prices.

Regulator Ofgem reported that of the big six, Centrica, owner of British Gas, boasted the highest profit margins of 6.6%, whilst EDF energy reported the lowest profit margin, who actually made a loss of 1.1%.

On average, the regulator claimed that supplier profit per household had risen to £53 in 2012, up from £30 a year earlier. Furthermore, these figures only refer to the 2012 financial year, meaning that impact of the recent price increases that caused widespread anger amongst consumers are yet to be reported.

However, it wasn’t all good news for the energy suppliers as power generation profit margins fell 4% to 20% in 2012, meaning that overall, profits in generation and supply across the big six firms fell from £3.9bn in 2011 in £3.7bn in 2012.

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