Energy firms posted profits of £23.1 billion in 2025 at a time when UK households are being warned of soaring bills in the coming months. While energy bills for the average UK household fell by 7% on April 1, 2026, marking a decrease of approximately £117 per year, they are expected to rise again in July. They are projected to rise by 12% from 1 July 2026, adding approximately £196 a year to the typical household.
The energy firm's profits are up from £22.7 billion in 2024, according to new analysis by End Fuel Poverty Coalition. BP has said it expects to report an “exceptional” performance in the first three months of 2026. Simon Francis, The End Fuel Poverty Coalition said: “These figures are a damning verdict on an energy system that is failing the people it is supposed to serve. Households were already struggling with rising bills before Russia invaded Ukraine and sent gas prices through the roof. Now Trump’s war in Iran is delivering a third hammer blow. While households face another bill rise in July and millions remain trapped in fuel poverty, the companies that control our energy supply are cashing in.”
Robert Palmer, Uplift Deputy Director, said: “It’s appalling that while millions are worrying over energy bills, these figures show that even before the war in Iran, energy companies were raking in billions of profits. The war is going to make all of this worse - with higher energy bills for most of us, while around the world oil companies are making an obscene $30million (£22million) an hour in unearned profits. The UK’s dependence on oil and gas is making all of us poorer. All except for the oil bosses and their shareholders who, once again, are profiting at our expense. That’s why we must ramp up renewables, and upgrade homes with solar power, batteries and heat pumps. It is the only way to insulate ourselves from energy shocks and protect the climate. We also need to support those who need it most with financial help. We should be putting these profits back in people’s pockets, not making the public pay for what is a humanitarian and economic disaster.”
