Energy Secretary Ed Davey has warned energy firms that they face the same "reputational fate"as the banks, arguing that customers should not be seen as cash cows to be "squeezed" in the pursuit of profits, as the row over rising bills continues
Energy UK has attacked the "tit-for-tat Punch and Judy show of insults" in response to Energy Secretary Ed Davey's comments that customers "are not just cash cows".
Energy UK, which represents the suppliers, said: "The energy industry is vital to the UK. It is a major employer, a serious investor and a significant taxpayer.
"As analysis from UBS shows, about 95% of rising energy costs are out of the hands of the energy companies and can be attributed to Government policies and other network, social and environmental costs."
Energy firms criticised for 'losing public trust'
Energy Secretary Ed Davey is walking an uncomfortable line by hitting out at the same firms he needs to improve our energy infrastructure.