UK Energy Regulator May Let Suppliers Boost Margins by 27%

The UK’s energy regulator may allow household suppliers to boost their profit margins by 27% as the industry seeks stability during its emergence from the past year’s crisis.

Ofgem is proposing to let those energy companies increase the amount they can make before interest and tax to about £47 ($58.16) per customer a year from about £37, according to a consultation published Thursday. The effects on household bills would vary. The plan is open for comments until June 28.