Energy firm SSE has confirmed a return to half year profits and a bigger payout to shareholders, just two days before its household bills are due to rise by an average 8.2%.
The company announced its figures as rival E.ON updated the market on its progress - with a 17% increase in profits in its UK supply business.
SSE made a group pre-tax profit of £336.4m in the six months to 30 September following a loss of £41m in the same period last year.
But the firm said its retail arm, which supplies energy to homes, lost money in its first half while its other two divisions - covering areas including wholesale energy production and energy distribution - were both in profit.
E.ON also reported rising profits on Wednesday It reported an operating loss of £89.4m for the retail division - blaming higher wholesale gas charges and the growing cost of government 'green' levies.
The company said in October it was raising household gas and electricity bills by three times the rate of inflation to help counter an expected loss in the retail business.
Its results were released as the public spending watchdog warned that households were facing another 17 years of inflation-busting increases in energy and water bills.
In its statement, SSE confirmed a 3.2% rise in its interim dividend payment to investors.
It pledged above inflation increases in its full year dividend, saying this was vital to ensure the group is able to raise enough money to fund spending on its network.
Will Morris, group managing director of SSE's retail business, said: "Some politicians and media commentators have claimed recently that we value our shareholders more than our customers.
"Or to put it another way, we're focussed on paying them a dividend on their shares, regardless of what that means for our customers.
"Nothing could be further from the truth."
He added: "Without the investment made by shareholders, we couldn't afford to build the infrastructure or buy the equipment needed to deliver what customers need."
SSE - which trades as Southern Electric, Swalec and Scottish Hydro - revealed its customer numbers had dropped by 60,000 to 9.41 million since the end of March.
It was the first of the 'big six' energy companies to raise its tariffs ahead of winter, with only E.ON yet to announce a price hike, although one is "likely" and expected later this month.
E.ON's 17% increase in profits over its last nine months to £227m was achieved despite the past three months running at a loss, the company said.
EDF Energy announced on Tuesday it was increasing prices by 3.9% in January - far lower than many of its rivals. The group said it would not pass on costs of the Government's green levies in anticipation of changes to how these schemes are paid for.
SSE has pledged to cut its 8.2% average increase back should ministers confirm the money will be stripped out of bills and paid for by general taxation.
Co-op Energy went one step further on Wednesday by confirming that its 4.5% average bill increase announced on October 18 would now be slashed in half because of the expected change to the levies.
Its general manager Ramsay Dunning said: "As we stated in our recent price increase announcement, there were a number of factors that were out of our control including costs associated with buying energy and getting it into people's homes, that we reluctantly had to pass on to our customers by raising prices.
"However, given the expectation that an announcement is imminent that the burden of green and social taxes will be removed by the Government, we have decided to take a leap of faith and remove this element, which represents 2%, from our previously announced average 4.5% price increase.
"This reduces our proposed average increase to 2.5%."
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