UK clears energy firms' accounting over price rises
LONDON (Reuters) - A forensic review of UK energy companies' accounting practices has found no evidence of financial irregularities aimed at justifying steep rises in retail gas and electricity bills last year, regulator Ofgem, which commissioned the study, said. A string of double-digit price increases, announced in the summer of 2011 by utilities, helped drive UK inflation to a three-year high ...
Britain’s largest energy companies are giving away millions of pounds worth of free gas to disgruntled customers who defect to rivals, prompting experts to question whether the firms’ profit margins are ...