Share Radio : Sharing ideas about money
Loading the player...


Sarah Lowther

Edgar van der Meer explains why ministers are to investigate energy firms profit claims

Sarah Lowther
Original Broadcast:

Share Radio Breakfast on

Edgar van der Meer explains why ministers are to investigate energy firms profit claims
Energy suppliers are allegedly making larger profits than they admit. The Sun Newspaper claimed they could be making a 24% profit margin, almost six times higher than figures provided by regulator Ofgem. The newspaper based its claims on a PwC report commissioned by Energy UK. Energy UK rejects the claims saying they were "a misrepresentation of facts". But now Business Secretary Greg Clark has started an investigation. To get a clearer grasp on the situation and the upcoming investigation, Matt Cox spoke to Senior Analyst at NRG Expert, Edgar van der Meer.

Guests: Matt Cox,Edgar van der Meer