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Energy firm: Freeze would cause 'loss-making business'

SSE said Labour should cut energy bills by increased taxation. Credit: PA

Energy firm SSE (formerly Southern Electric and Scottish Hydro Electric) said: "Instead of price freezes which will lead to unsustainable loss-making retail businesses, the Labour Party should put policy costs into general taxation, taking them off energy bills.

"This would wipe £110 off the average person's bill and shift the cost away from those who can't afford to pay and on to those who can."

In June SSE revealed a 38% rise in profits in their half year results.