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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.
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.
26 August 2014
200 Homes Still Without Gas After Water Leak
Around 200 homes in Wales are still without gas after a burst water pipe flooded gas lines last Thursday. Wales and West Utilities have said that some 150,000 litres of water has been pumped from gas pipes since last Thursday, with 540 of the 755 homes affected by the leak, now reconnected.
200 Homes Still Without Gas After Water Leak
Around 200 homes in Wales are still without gas after a burst water pipe flooded gas lines last Thursday. Wales and West Utilities have said that some 150,000 litres of water has been pumped from gas pipes since last Thursday, with 540 of the 755 homes affected by the leak, now reconnected.
09 March 2010
Npower Gas Prices Cut
Npower today announced reductions in domestic gas prices for approximately two million standard domestic gas customers averaging 7%, or £50. These cuts will take effect from 26 March and will make npower cheaper on average than British Gas for gas. Npower said its monthly direct debit gas customers will receive £50 a year discounts, up from £20.
Npower Gas Prices Cut
Npower today announced reductions in domestic gas prices for approximately two million standard domestic gas customers averaging 7%, or £50. These cuts will take effect from 26 March and will make npower cheaper on average than British Gas for gas. Npower said its monthly direct debit gas customers will receive £50 a year discounts, up from £20.
13 May 2013
18% Rise In Gas Usage At Beginning Of 2013
Residential gas use in the UK increased by 18% in the first four months of 2013, Centrica has revealed. Blaming the colder weather, Centrica, which owns British Gas, added that the benefit they say from the increase gas usage would be used to “to maintain our price competitiveness".
18% Rise In Gas Usage At Beginning Of 2013
Residential gas use in the UK increased by 18% in the first four months of 2013, Centrica has revealed. Blaming the colder weather, Centrica, which owns British Gas, added that the benefit they say from the increase gas usage would be used to “to maintain our price competitiveness".
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
