The UK’s Big Six energy companies raked in more than a billion pounds of profit ahead of this year’s record hike in bills.
The highest earner, SSE, made £600m alone in profit before taxes, according to annual accounts published by the energy regulator Ofgem. Last month, the Scottish energy company was forced to apologise for advising customers to “do star jumps” to keep their energy bills down.
Scottish Power and Centrica, which owns British Gas, made a further £423m before tax between them. EDF Energy and E.ON recorded losses of £154m and £198m respectively.
