Jonathan Reynolds MP, Labour’s Shadow Energy and Climate Change Minister, commenting on SSE’s yearly results, which reported a 9.6 per cent increase in profits to £1.551 billion, following their price rise last year which added over £50 to the average household energy bill, said: 

“However you look at it, there’s no hiding the fact that on David Cameron’s watch the energy companies have increased their profits on the back of spiralling bills and a cost-of-living crisis for hard-pressed consumers. SSE has already said it will freeze prices until 2016. Today’s profits show it can afford to freeze them until 2017 – and if SSE can do it, so can the other energy companies. 

“The next Labour Government will undertake the biggest overhaul of our energy market since privatisation. Our plans will break up the big energy companies, put an end to their secret deals and make tariffs simpler and fairer. And until these reforms kick in, we will put a stop to unfair price rises by freezing energy bills until 2017, saving the average household £120.”