Qualified advisers answering your
Financial Questions
call 0800 092 1245

Energy companies increase profit margins

It has been revealed that energy companies in the UK have increased their profit margins on each customer by £30. This increase in the cost of energy, and the profitability of energy companies, has occurred over the last three months during a time when the UK economy was struggling to pull away from the grip of the recession. These figures from Ofgem also confirm that wholesale energy costs in the UK have fallen but much of the reduction has yet to be passed on to customers.

The energy sector and the UK economy could not be at further ends of the spectrum with one prospering and one struggling but surely this will change in the short term?

Unfortunately unless Ofgem is able to exert more pressure on energy companies in the UK it is unlikely we will see any major shift in energy costs in the short term at least. The UK government has also promised various initiatives to reduce the cost of energy in the UK but so far very few of these moves have come to fruition. If any of the political parties are able to exert pressure in this area in the run to the general election this could be something of a vote winner.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details