Energy network companies rake in over £4bn in excess profits
An online energy bill
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ENERGY network companies have raked in more than £4 billion in excess profits from the cost-of-living crisis, research by Citizens Advice reveals today.
The firms, which provide pipes and cables to households, amassed the extra cash over the last four years.
Regulator Ofgem sets price controls for the firms, which are monopolies with no competitor, and the charges are added onto household bills.
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