Energy retailers could make £1.7bn profit over next year

Energy retailers could make £1.74 billion of profit over the next 12 months thanks to high wholesale costs and allowances in the price cap, industry experts have predicted. A new report by Future Energy Associates (FEA), commissioned by the End Fuel Poverty Coalition, analyses costs associated with energy retail including standing charges and wholesale costs. Elsewhere the report highlights regional inequalities in terms of costs for consumers, with differences in the way power is distributed across the country leading to differences in the prices consumers pay.