Energy companies should spell out to customers how much of their bill amounts to profit, a minister has suggested as she condemned “completely unacceptable” price rises. Claire Perry, the energy minister, that energy companies should include more detail on their bills to help “nudge” customers into getting better details. In an interview with The Telegraph Ms Perry called for the end of the dominance of the Big Six energy suppliers and said she ultimately wants to see as many as 20 major players in the market. It comes after British Gas announced this week that 3.5million households on its standard variable tariff will face average price hikes of £44, the second rise in six months. Ms Perry accused the company of attempting to maximise its profit margin s ahead of the introduction of the Government’s price cap at the end of this year. The company has blamed increasing wholesale prices. She said the wants energy companies to put more information on their bills so that customers can make better choices about their suppliers.
Telegraph 10th Aug 2018 read more »