Question

To ask the Secretary of State for Energy and Climate Change, with reference to the Competition Market Authority report Analysis of generation profitability, published on 25 February 2015, what the earnings before interest, taxes, depreciation and amortisation from electricity (a) generation and (b) supply were of each of the six largest energy companies, in the period covered by that report; and what comparative assessment she has made of the level of such earnings from electricity generation and supply.

The Competition and Markets Authority report “Analysis of Generation Profitability” published on 25^th February does not contain the information requested (some of this information may be found in publically available financial statements).

The Government supports the CMA’s independent investigation into energy market competition. The CMA’s legal powers provide access to the detailed information required to make a robust assessment of earnings and they have stated that they are continuing to look at overall profitability levels in both supply and generation.