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Chronicle Live
Chronicle Live
National
Tom Blackburn & Steven Smith

How much profit UK energy firms British Gas, EDF, SSE make during cost of living crisis

The cost of energy is at the top of everyone's mind at the moment.

The price cap rose at the start of April by 54%, adding an average of nearly £700 to people's annual bills.

There are fears things will get worse before they get better, with more increases predicted for later this year. The sudden increase in energy bills, which follows months of spiralling wholesale gas prices, has prompted widespread concerns about the potential implications. In particular, there are fears that it will lead to a sharp increase in fuel poverty.

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