John Robertson – 2014 Parliamentary Question to the Department for Energy and Climate Change

The below Parliamentary question was asked by John Robertson on 2014-06-09.

To ask the Secretary of State for Energy and Climate Change, what estimate he has made of the average profit made by energy companies on the energy bills of households in each constituency in the UK.

Michael Fallon

Data on the average profit made by energy companies at the level of households in each constituency is not available.

The average pre-tax profit made per household consumer in 2012 was £53 or 4.3%. (Source: “Making the Profits of the six largest energy suppliers clear” factsheet, Ofgem). Ofgem also estimates pre-tax margins over the next 12 months using current data in their Supply Market Indicator. Their latest estimate of pre-tax margins for May 2014-April 2015 was £96 or 7% (Source: Understanding energy bills, Ofgem).