Helpline number: 0800 074 0745
Mon-Fri 9am-8pm, Sat-Sun 9am-5pm
Announcements of rising profits by electricity and gas providers will lead many people to wonder if they are paying a fair price for energy, it has been stated.
Last week, EDF said it made £1.6 billion profit in 2011, while SSE has also predicted it will see its margins increase.
Director of energy at Consumer Focus Audrey Gallacher said these announcements will raise expectations among customers that companies are able to cut their prices further.
She added: "We know many consumers don't trust their supplier and getting greater clarity over pricing and profits is key to rebuilding faith in this market."
Ms Gallacher said it is therefore vital Ofgem reacts to recent studies and implements regulations to ensure information is fully transparent and users have the details they need to make performing a price comparison straightforward.
Make sure you're not paying too much for your energy - compare gas and electricity prices now at energyhelpline.com or call 0800 074 0745
Save up to £300 on your gas & electricity bills at energyhelpline.com
Compare prices from all energy suppliers to find your best deal