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The Independent UK
The Independent UK
National
Adam Forrest

UK’s ‘broken’ energy system revealed as firms set to make £1.7bn in profit from customers

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Britain’s energy suppliers are set to rake in a massive £1.74bn in profits from hard-pressed customers’ bills over the next 12 months, according to a shock new report.

It comes as a separate study found that regulator Ofgem’s energy price cap is preventing customers from accessing lower tariffs, harming competition and boosting inflation.

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