'£1.5m payouts' from energy company

AOL Money Staff

SSE, the energy supplier fined £10.5 million for mis-selling earlier this month, expects to pay out about £1.5 million in compensation, it has told MPs.

The firm revealed it made around £45 a year from each of the estimated 23,000 customers affected by mis-selling and expected to pay them compensation of between £65 and £70.