Chart of the week | Suppliers struggle for profitability

This week many suppliers have agreed to a series of measures to ameliorate the effects of the Coronavirus on vulnerable consumers. This is no doubt the right thing to do but will come at a cost. In what position are they to take this cost? This Chart of the Week takes a look at financial accounts from licensed suppliers covering 2018-19, discussing profitability in today’s energy supply market.

A first reading of the available 2018-19 accounts (some are yet to be published, others do not include profit and loss) does suggest an industry struggling to realise profits, for a range of reasons specific to supplier size and strategy.

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