Suppliers making Â£168 each second
An in-depth analysis intoÂ the often complex accounts of major energy suppliers has found that they make a staggering Â£168 each second, according to an article published by This Is Money.
Between them the four companies made a total of Â£5.3 billion in profit during 2011; the biggest chunk of that figure belonged to British Gas - who announced profits of Â£2.1 billion.
Director of policy and external affairs at Consumer Focus, Adam Scorer, commented on the current state of the energy market.
He said: "These results show the energy industry is virtually recession-proof.
"Consumers will be baffled about how such healthy profits are being made despite a big dip in energy use over the mild winter," Mr Scorer added.
E.ON is set to release its financial results today, while Scottish & Southern will disclose its results later in May.
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