SSE outrage at Ofgem claims

Power supplier SSE has condemned Ofgem’s “snapshot estimate” that profits from domestic customer are approximately £125. SSE say the calculation is theoretical and should be compared against SSE’s Consolidated Segmental […]

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By Tom Gibson

Power supplier SSE has condemned Ofgem’s “snapshot estimate” that profits from domestic customer are approximately £125.

SSE say the calculation is theoretical and should be compared against SSE’s Consolidated Segmental Statement for the last financial year, which reported a profit for supplying domestic customers of £266 million, which equates to around £62 or 6% per dual fuel customer.

Other members of the Big Six energy firms have spoken out against Ofgem’s numbers. SSE said in a statement: “Ofgem’s net margin estimate has varied so much during the last 12 months. In June 2011, Ofgem’s number was £15, in March 2011 it was £75, in December 2010 it was £90 and in September 2010 it was £65.”