Energy Prices: MPs To Turn Up Heat On 'Big Six'

Energy: Who Are The Big Six?

Updated: 10:56am UK, Tuesday 29 October 2013

By Anushka Asthana, Political Correspondent

As energy bills continue to dominate in Westminster, MPs will today hear from the "Big Six" companies – who together supply over 99% of British homes. So who are they?

:: British Gas

Much to the annoyance of MPs and the public, five out of six of the companies have failed to put up their chief executives. British Gas will instead put up Ian Peters, managing director of energy.

He will be seen as a key witness because British Gas (which also operates as Scottish Gas) is the UK's largest supplier of energy to households with almost 10 million residential customers.

British Gas has announced that the bills for dual-fuel customers will rise by 9.2% from 23 November. That is an 8.4% increase in gas prices and 10.4% in electricity.

The average annual bill will go up by £123 to £1,444. That is despite an overall profit in 2012 of over £600m.

:: E.ON

Tony Cocker is the only chief executive agreeing to stand in the spotlight today. His company, E.ON, has yet to announce price rises although it is expected to do so soon.

E.ON – which used to be called Powergen – operates in over 30 countries, serving 26 million customers.

Its price increases last year brought the average bill to £1,370. Its sales revenues in 2012 rose by 5% to £132.1bn with profits in excess of £800m

But the previous chief executive said the results were down to one-off effects and warned that parts of the business remained barely profitable.

:: EDF

Martin Lawrence, the managing director of energy sourcing and customer supply, will represent EDF today.

The company – which supplies around 3.7 million households in Britain - has also not announced a price increase as yet although it was one of the later ones to do so last year as well.

In 2012 it put up the average dual-fuel bill by 10.8%

The company's UK retail arm made a loss of £92m in 2012. But the success of its power generation arm – with nuclear power stations, coal plants and a gas power station – meant it was able to announce profits above £900m in the summer.

:: SSE

This latest storm of controversy around energy bills began with an announcement by SSE of an 8.2% increase in dual-fuel prices. This pushed up the average to £1,380

That is despite profits of over £400m in 2012. The company blamed wholesale prices but also green levies attached to bills through Government policy. The row led David Cameron to pledge to roll back the levies.

The company is putting forward Will Morris, managing director of retail.

:: npower

With 3.5 million UK customers npower is a huge player in the UK and one of the largest gas and electricity companies across Europe.

The company has announced its price rises to come in at the start of December. The electricity price will increase by 9.3% with gas going up by 11.1% – making the average bill 10.4% higher – up to £1,459.

In March the company faced controversy when it announced a 34% increase in profits to £413m – although the figure relating to domestic supply is lower.

The company is putting up Guy Johnson, its external affairs director.

:: Scottish Power

Neil Clitheroe, CEO retail and generation, will appear in front of MPs. The company is the most recent to announce price rises this winter of 8.6% - an 8.5% rise in in gas and 9% in electricity.

That means the average household bill will go up by £113 to £1,424.

It revealed that it had more than doubled pre-tax profits to £712m in July – and an £890m divided to its Spanish parent, Iberdrola, also caused anger.

:: Watch MPs question representatives from the Big Six on Sky News from 2.30pm.

:: Watch a live debate on energy between shadow energy minister Caroline Flint and energy minister Michael Fallon at 5.30pm on Sky News.

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