Centrica's £1 billion profits fuel anger over energy prices

Groups representing UK consumers have expressed their anger after it was revealed that energy giant Centrica was making profits of £5 million a day.

In the first half of the year, Centrica made profits of £99 million, a decrease of 20 per cent on the previous year.

The firm blamed the drop on the rising price of wholesale gas, reports the BBC.

Patrick South, head of public affairs at Age Concern, commented: "Energy companies say they can't absorb wholesale price rises, but in light of their profits this will sound hollow to the one-in-three pensioners likely to be in fuel poverty this winter."

Following the news, a number of council leaders called for energy providers to subjected to an annual charge of £500 million to help tackle fuel poverty.

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