The big six energy companies are not held in high esteem by the British public, according to a recent survey which found that even banks are more popular.
It revealed that the six energy giants are among the most disliked in Britain and were given a positive rating of just 28.2 out of 100 in a poll conducted by Populsus.
Meanwhile, tobacco companies scored 25.6, while payday loan firms were incredibly unpopular with the public, with a 15.7 positive score. However, these were the only two types of companies that the public disliked more.
It was good news for supermarkets, which were found to be the most positively viewed companies, with an impressive rating of 58.6. This is more than double that of energy companies.
Banks outrank energy firms
Banks proved more popular than energy companies, despite being blamed for causing the economy to crash in 2008, with financial institutions achieving a score of 39.
These results were released as executives from the UK’s biggest energy companies prepare to be challenged by MPs on the energy select committee.
Energy claims ‘inaccurate’
Figures from Ofgem recently indicated that claims made by the big six about rising wholesale energy costs being responsible for rocketing prices may not be accurate.
The big six have, on average, increased their bills by 9.1%. However, research shows that wholesale costs have actually stayed largely the same since autumn 2012.
Ofgem figures show that over this space of time, wholesale prices have gone up by 1.7%. This equates to a rise of just £10 on the average household bill of £600.
The industry watchdog estimated that the energy giants’ average net profit margin has more than doubled over the past year, going from £45 per household to £95.
David Cameron’s spokesman commented: “It is for the energy companies to explain the decisions they have taken around bills to their customers.”