Big 6 Energy Suppliers Growing More Profitable

Big 6 Energy Suppliers Growing More Profitable

Ofgem has recently announced that it expects the big six – British Gas, EDF Energy, E.ON, npower, ScottishPower & SSE – to make £106 profit per dual fuel customer over the course of the next year.

This is up from £53 per customer in the previous 12 months.

The industry view, aside from being positive about profit, is that the sector needs a profitable, competitive marketplace so as to attract investment in infrastructure to secure the future energy supply of the UK.

However, this is only relevant if the future energy usage of the UK is based only on Gas and National Grid electricity. If alternative, green, methods are considered then the costs both to the individual and the country can be reduced by taking advantage of various green initiatives laid down by government.

For example, alternative methods of heating a home that lies off the national grid are far more reasonable than alternatives on the grid – the vast majority of us can only choose what supplier – not the source – of our electricity.

In our opinion the consumer should have more choice about how the electricity we use is sourced, not just who delivers it to us.

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Credit: uSwitch

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