Financial Times FT.com

UK Budget 2008

UK chancellor to curb big energy profits

By George Parker and Ed Crooks

Published: March 9 2008 22:00 | Last updated: March 9 2008 22:19

Alistair Darling will this week announce plans to use legal powers to stop energy companies making an alleged £400m in excess profits from some of Britain’s poorest consumers.

In a highly unusual intervention in the market, the chancellor will announce in the Budget his plan to control the tariffs paid by 3.8m electricity customers and 2.8m gas customers who use pre-payment meters.

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