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Profits slide at big six energy firms as 1.4m customers switch

Margins for 2017 drop by 10% in face of competition from smaller, challenger companies

Britain’s biggest energy firms saw their profits dive by 10% last year as more than 1 million customers left them for smaller challenger companies.

Profits at the so-called big six firms fell from £1bn to £900m in the face of increasingly tough competition, and their market share dropped to a record low of three-quarters.

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