Scottish Power blames weather and price cap for 80% drop in profits

Energy supplier loses 165,000 customers but wind-based renewables business grows

Scottish Power's profits have slumped by almost 80% after the big six energy supplier lost about 165,000 customers in the past year.

The supplier, owned by the Spanish utility company Iberdrola, blamed mild winter weather and the government's energy price cap for the sharp drop in profits.