Profits have risen from £8 to £48 per customer since 2009. Suppliers have room to reduce costs and lessen fuel poverty
Much of the focus in the discussion of fuel poverty is on the energy efficiency of our housing stock. The government has rightly obliged energy companies to do their part in improving it.
But energy regulator Ofgem has been investigating six energy companies for their failure to meet the targets they were set up to the end of 2012, resulting in a record fine of £28m for generator Drax and an £11.1m penalty for British Gas. The latest energy company obligation (ECO) originally had a deadline of the end of March 2015. That’s been extended to the end of March 2017.