E.ON announces profits of more than £3bn amid cost of living crisis

E.ON has made profits of over £3bn in the last six months, amid a cost of living crisis that is gripping the UK.

The UK’s biggest energy supplier said that the results, spanning January to June, showed a 15 per cent fall in pre-tax profits.

They are projected for a full-year adjusted pre-tax profit of around £6.4bn to £6.6bn.

Households in the UK owe energy suppliers around £1.3m in debt as customers struggle to pay rising bills.

Market analysts Cornwall Insight have predicted an 81 per cent price cap in October.

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