'The lack of transparency as to the accounts of our major energy supply companies is potentially problematic both in terms of the reputation of the industry itself and in terms of good policy making' - Hutton
The business secretary has urged energy companies to address the 'lack of transparency' in their accounts or face the possibility of opening their books to reveal the profits of their supply and generation arms.
John Hutton believes that the failure of some big integrated energy companies to record separately their profits in generation and retail means potential new entrants to the market do not have the data they need, holding back competition, the FT reported.
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