• News Feeds
Page last updated at 08:46 GMT, Friday, 14 October 2011 09:46 UK

'Crass behaviour' by energy companies

The profit margin for energy companies has risen to £125 per customer per year, from £15 in June, regulator Ofgem says.

The margin demonstrates the "crass behaviour by energy companies", Tim Yeo MP, chairman of the Commons Energy and Climate Change Select Committee, told the programme - raising prices before a winter set to be the most expensive for energy consumers.

It highlighted two factors that were distorting the market, he said, that the energy market lacked "true competition" for consumers, and that there was a "lack of transparency" in the wholesale energy market.

"We just don't know what price these companies are paying for their electricity and gas that they are supplying to us," he said.

Get in touch with Today via email , Twitter or Facebook or text us on 84844.


Story Tools


Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific