Head of energy market inquiry says 1.25% margin for British Gas and others would be right as ‘all they do is metering and billing’
Energy suppliers’ profits are as much as five times higher than they should be, the head of an inquiry into the sector has said.
Roger Witcomb, who led the Competition and Markets Authority’s two-year investigation into the UK’s energy industry, has suggested that suppliers’ profits are far too high given their limited role in metering and billing customers.