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28/07/2010
British Gas Announces 98% Profit Rise
British Gas have announced profits of £585 million for the first half of the year - a rise of 98%.
Centrica, which owns British Gas, has attributed the rise to the cold winter, as well as the addition of 223,000 new residential customers following the cut in gas bills in February.
There had been an underlying fall in energy use, Centrica said, due to customers becoming more energy-efficient, but this had been offset by the extra demand caused by the cold weather in the winter.
Centrica reported an overall rise of 65% in first-half profits, up to £1.56 billion.
Price comparison service uSwitch said that the large profits indicated that British Gas could reduce prices further.
However, with three price cuts in the past year, British Gas Chief Executive Sam Laidlaw suggested that this was unlikely, telling BBC Radio 4's 'Today' programme: "This is a competitive market, so we can't give any signals, but our position has always been to lead the market down and try to delay any price increases as long as we can."
(KMcA)
Centrica, which owns British Gas, has attributed the rise to the cold winter, as well as the addition of 223,000 new residential customers following the cut in gas bills in February.
There had been an underlying fall in energy use, Centrica said, due to customers becoming more energy-efficient, but this had been offset by the extra demand caused by the cold weather in the winter.
Centrica reported an overall rise of 65% in first-half profits, up to £1.56 billion.
Price comparison service uSwitch said that the large profits indicated that British Gas could reduce prices further.
However, with three price cuts in the past year, British Gas Chief Executive Sam Laidlaw suggested that this was unlikely, telling BBC Radio 4's 'Today' programme: "This is a competitive market, so we can't give any signals, but our position has always been to lead the market down and try to delay any price increases as long as we can."
(KMcA)
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31 July 2008
Centrica Posts £1 Million In Profits - To Consumers Anger
British Gas owner Centrica has posted half-year profits of almost £1 billion - much to the anger of consumer groups. Centrica maintain that it has been "absolutely necessary" to raise household gas prices as profits were down 20% in the first six months of this year to £992 million - down from £1.23 billion in 2007.
Centrica Posts £1 Million In Profits - To Consumers Anger
British Gas owner Centrica has posted half-year profits of almost £1 billion - much to the anger of consumer groups. Centrica maintain that it has been "absolutely necessary" to raise household gas prices as profits were down 20% in the first six months of this year to £992 million - down from £1.23 billion in 2007.
04 February 2010
Energy Supplier Slashes Gas Price
British Gas has today cut its standard gas prices by an average 7%. The price cut, which will benefit 8 million households, takes effect immediately and makes British Gas, on average, the cheapest supplier of standard gas and electricity right across Britain - no matter which way customers choose to pay.
Energy Supplier Slashes Gas Price
British Gas has today cut its standard gas prices by an average 7%. The price cut, which will benefit 8 million households, takes effect immediately and makes British Gas, on average, the cheapest supplier of standard gas and electricity right across Britain - no matter which way customers choose to pay.
12 May 2008
Centrica To Hike Gas Prices Again
Centrica, the owner of British Gas, has warned households of a potential further 30% rise in gas bills by next winter. The company said its Group operating profit for the first half of the year will be materially lower than the first half of 2007.
Centrica To Hike Gas Prices Again
Centrica, the owner of British Gas, has warned households of a potential further 30% rise in gas bills by next winter. The company said its Group operating profit for the first half of the year will be materially lower than the first half of 2007.
09 September 2005
Gas and electricity prices to rise by over 14%
British Gas prices are set to rise by 14.2% for residential customers later in September. The company blamed the increase on soaring oil and gas prices. The rise follows on recent similar price hikes by Powergen and EDF Energy. The company said that the 14.
Gas and electricity prices to rise by over 14%
British Gas prices are set to rise by 14.2% for residential customers later in September. The company blamed the increase on soaring oil and gas prices. The rise follows on recent similar price hikes by Powergen and EDF Energy. The company said that the 14.
08 October 2010
Illegal Gas Fitter Sentenced
A man who falsely claimed to be a registered gas engineer has been sentenced for illegally installing gas appliances at addresses in York. Bennett Morley of Cherry Paddock, Haxby, York, was prosecuted by The Health and Safety Executive (HSE) for five offences under Gas Safety legislation after complaints by householders.
Illegal Gas Fitter Sentenced
A man who falsely claimed to be a registered gas engineer has been sentenced for illegally installing gas appliances at addresses in York. Bennett Morley of Cherry Paddock, Haxby, York, was prosecuted by The Health and Safety Executive (HSE) for five offences under Gas Safety legislation after complaints by householders.
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