By Poppy Trowbridge, Business and Economics Correspondent
Executives from Britain's biggest power companies will appear before a panel of MPs today to justify their most recent round of price hikes.
British Gas, SSE, Scottish Power and Npower have raised household bills by an average 9.1% for this winter. E.ON and EDF are expected to follow in the coming weeks.
They all say mounting wholesale costs are partly to blame.
But data from the energy regulator, Ofgem, show those prices have only gone up by 1.7% over the past year and should only add £10 to a bill.
Mark Todd, co-founder of the EnergyHelpline website, told Sky News: "I can't see a reason a why an energy company could really say that wholesale gas and electricity price increases are the main reason for these hikes.
"They need to increase their profits, their own take is going up.
"They do have to pay these green levies, they are going up dramatically, and also the transmission costs are going up dramatically. Wholesale costs, no. But other costs, yes."
The Energy and Climate Change Committee will take evidence from Tony Cocker, the Chief Executive of E.ON, the boss of British Gas' Energy division, Ian Peters and representatives from SSE, Npower, EDF Energy and Co-operative Energy from 1pm.
MPs will grill bosses on the different pricing policies between energy suppliers, improving transparency of their profits and ask them to justify the most recent round of price hikes.
Andrew Wright, Interim Chief Executive of Ofgem will also appear before MPs.
UK households pay some of the lowest energy tariffs in Europe.
Jillian Ambrose from energy information provider Platts said: "Gas prices have been going up.
"It is a global market at the end of the day and something as far removed as the Fukushima disaster has had a big impact on UK gas prices.
"Japan have shut reactors and they are more dependent on gas than ever and they are willing to pay for it. So in a global market the UK needs to compete and those prices have reflected that."
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