Posted on: 22/11/2016
Trade body Energy UK has hit back at claims by The Sun newspaper that the “big six” energy companies are overcharging their customers.
The organisation said it had commissioned accountancy firm PwC to compile a report into how different elements – such as wholesale, network, policy and operational costs – make up an average energy bill.
It said the report was revised on several occasions to refine the methodology.
The Sun used one of the drafts of the report for an article that accused energy companies of overcharging.
Energy UK said: “The Sun article is very misleading on profits being made from consumers on standard variable tariffs.
“Energy UK rejects completely any implication that the report was designed to alter the perception of supplier profit.
“It is simply a way of demonstrating how pressures on energy bills have changed over recent years.”
Meanwhile SSE has announced a price freeze for its standard rate customers until April. The move meant it was the first major energy supplier to announce a price cap this winter.
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