Ofgem has published the latest annual data on the profit margins of five* of the six largest energy suppliers (see retail section** of Ofgem's data portal) which Ofgem requires them to submit.
Ofgem has also published its latest data on standard variable tariffs and its updated Supplier Cost Index, which tracks suppliers’ costs.
*SSE has a different reporting period and submits its figures later this year
** Under “prices and profits” section, see “pre-tax domestic supply margins of large suppliers, combined gas and electricity” chart. See Consolidated Segmental Statements for background
For further information, contact:
Tim Webb: 0207 901 7179
Media out of hours mobile: 07766 511470 (media calls only)
Ofgem is the independent energy regulator for Great Britain. Its priority is to make a positive difference for consumers by promoting competition in the energy markets and regulating networks.
For facts, figures and information about Ofgem’s work, see Energy facts and figures or visit the Ofgem Data Portal.