Financial Times FT.com

More transparency urged for energy companies

By George Parker, Political Editor

Published: August 18 2008 03:41 | Last updated: August 18 2008 03:41

Britain’s big energy companies should be forced to open their books to show separately how much profit they make from their supply and generation arms, John Hutton, business secretary, has argued.

Mr Hutton has urged Ofgem, the energy regulator, to address the “lack of transparency” in the accounts of Britain’s big companies, which he claims damages the reputation of the industry and confuses the public.

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