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The Independent UK
The Independent UK
National
Anna Wise

Energy firms rebuilding profits must use cash responsibly, watchdog warns

PA Archive

The UK’s energy watchdog has urged suppliers to retain profits to protect consumers rather than dish it out to investors, as the energy crisis begins to ease.

In a letter to household energy suppliers, Ofgem warned that it would step in and take action if it finds that any companies are abusing its pricing rules.

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