Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Leak reveals staggering profits ahead for energy companies

Leak shows estimate over next two years, as calls for new windfall tax grow

Adam Forrest
Wednesday 31 August 2022 12:00 BST
Comments
Increase in energy price cap is 'terrifying', says head of National Energy Action

Britain’s big gas producers and electricity generators are said to be in line to make excess profits of up to £170bn over the next two years.

Profits in the energy sector are under intense scrutiny amid the deepening cost of living crisis, with one leading forecast warning that inflation could spiral to 22 per cent next year.

Tory leadership candidates Liz Truss and Rishi Sunak are under growing pressure to freeze the energy price cap rise or agree to a huge expansion in financial support to ease the pain of soaring bills.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in