Energy companies should make a profit margin of just 1.25pc on household bills, a fifth of the level made by the two biggest suppliers last year, the Competition and Markets Authority has said. Roger Witcomb, who led the watchdog’s two-year investigation into the sector, said it was “appropriate” for suppliers to make only £12.50 pre-tax profit on a £1,000 gas and electricity bill, since “they don’t make the stuff”. Major energy companies have long argued that a profit margin of about 5pc is fair.
Telegraph 23rd July 2016 read more »