The boss of British Gas owner Centrica has defended the massive spike in his company’s profits amid heavy criticism.
The scandal sparked an urgent inquiry by regulator Ofgem and has seen most energy companies pause the practice.
“It goes beyond energy, it goes towards food, it goes towards rent, it goes towards mortgages, it goes towards council tax. There are clearly a bunch of people in the UK that are struggling to pay the bills.” Stripping out its Spirit Energy businesses that were sold, underlying earnings for Centrica jumped to £2.8 billion from £392 million the previous year.
Mel Evans, a campaigner at Greenpeace, called for the energy windfall taxes to be expanded to energy trading.
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