Citizens Advice responds to SGN returning £145m to energy customers
Citizens Advice has today responded to news that gas distribution network company SGN will and make a voluntary contribution of £145 million to consumers, acting on the national charity’s call for energy networks to return excess profits to the people that paid for them.
Earlier this year Citizens Advice highlighted how energy network companies are making £7.5 billion worth of unjustified profit from customers, and called for this money to be returned to people via lower energy bills.
Chief Executive of Citizens Advice Gillian Guy said:
“Network costs are a significant part of high energy bills. With many consumers already paying over the odds for their gas and electricity, it is right that networks pay back the excess profits they’ve made.
“We have been calling for this on the back of energy network companies receiving as much as £7.5bn in unjustified profits.
“SGN’s voluntary contribution is welcome. Other energy network companies must now look to do the same for consumers, while Ofgem should make sure this money is returned to consumers as soon as possible.”
Notes to editors
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