Mark Owen-Lloyd, head of power trading at E.ON, said: "It'll make more money for us.

An executive at energy firm E.On has sparked anger after saying that the continued high gas and electricity prices would mean "more money for us".

Mark Owen-Lloyd made the comment during a presentation at a seminar run by energy regulator Ofgem looking at the impact of a cold winter on fuel bills.

The firm, which made £877m profit last year apologised unreservedly and said it was investigating.

Prime Minister Gordon Brown said the comments were "inappropriate."

"I think everybody is against people making remarks like that, and I'm pleased that there has now been a full and comprehensive apology," Mr Brown added.

Labour MP Roger Godsiff said the gaffe showed the firm's "contempt" for customers.

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