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23/02/2012
Labour Slams British Gas For "Enjoying Huge Profits"
Labour's Shadow Secretary has slammed Centrica, owners of British Gas, after reporting profits of £2.415 billion.
Caroline Flint MP said people will be shocked when millions of families are struggling with their energy bills while British Gas enjoys huge profits.
Ms Flint said: "By letting the energy giants get away with this, the Government is showing it's out of touch and completely unable to stand up to powerful vested interests in the energy industry.
"Our energy market needs a complete overhaul, but David Cameron can only fiddle at the margins because he’s too close to vested interests to stand up for working people. Labour will stand up for hard-pressed families and pensioners and end the rip off. We will reform the energy market by making the big six energy companies sell all of their energy into a pool, allowing new companies to compete to sell it to the public. This will break the stranglehold of the big six, encourage new entrants, increase competition and drive down energy bills for families.
"Even when there’s less money around Labour can still deliver fairness for elderly people struggling with their soaring fuel bills by getting our energy firms to show greater responsibility. We will make energy companies, by law, guarantee that elderly customers, those over 75, will be offered the cheapest tariff for their gas and electricity."
(CD/GK)
Caroline Flint MP said people will be shocked when millions of families are struggling with their energy bills while British Gas enjoys huge profits.
Ms Flint said: "By letting the energy giants get away with this, the Government is showing it's out of touch and completely unable to stand up to powerful vested interests in the energy industry.
"Our energy market needs a complete overhaul, but David Cameron can only fiddle at the margins because he’s too close to vested interests to stand up for working people. Labour will stand up for hard-pressed families and pensioners and end the rip off. We will reform the energy market by making the big six energy companies sell all of their energy into a pool, allowing new companies to compete to sell it to the public. This will break the stranglehold of the big six, encourage new entrants, increase competition and drive down energy bills for families.
"Even when there’s less money around Labour can still deliver fairness for elderly people struggling with their soaring fuel bills by getting our energy firms to show greater responsibility. We will make energy companies, by law, guarantee that elderly customers, those over 75, will be offered the cheapest tariff for their gas and electricity."
(CD/GK)
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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.
24 September 2008
EDF To Takeover British Energy
The Government welcomed EDF's proposed £12.5 billion takeover offer for British Energy Group and the British Energy Board's recommendation of the offer to its shareholders. The Government has committed to accept the cash offer of 774p per share for its 36% stake held by the Nuclear Liabilities Fund (NLF), subject to certain conditions.
EDF To Takeover British Energy
The Government welcomed EDF's proposed £12.5 billion takeover offer for British Energy Group and the British Energy Board's recommendation of the offer to its shareholders. The Government has committed to accept the cash offer of 774p per share for its 36% stake held by the Nuclear Liabilities Fund (NLF), subject to certain conditions.
25 September 2013
Labour Pledge Action If Energy Companies Defy Price Freeze
Labour leader Ed Miliband has said that a Labour government would implement a 20-month gas and electric prize freeze should his party win the 2015 election. News of the freeze was welcomed by consumer groups but it is understood that the "big six" energy firms have warned of "serious consequences".
Labour Pledge Action If Energy Companies Defy Price Freeze
Labour leader Ed Miliband has said that a Labour government would implement a 20-month gas and electric prize freeze should his party win the 2015 election. News of the freeze was welcomed by consumer groups but it is understood that the "big six" energy firms have warned of "serious consequences".
13 January 2011
British Gas Invests For Vulnerable Customers
British Gas have announced that it is making a new investment of £37 million in support for its vulnerable customers. Each customer on British Gas' Essentials social tariff will receive £50 as a credit on their winter bill. Prepayment customers will receive the credit direct to their meter.
British Gas Invests For Vulnerable Customers
British Gas have announced that it is making a new investment of £37 million in support for its vulnerable customers. Each customer on British Gas' Essentials social tariff will receive £50 as a credit on their winter bill. Prepayment customers will receive the credit direct to their meter.
13 November 2008
Government Approves Oil And Gas Exploration
The government has granted seven North Sea exploration licences to allow three major energy companies hunt for oil and gas. Genesis Petroleum Corp, Faroe Petroleum and Stratic Energy Corp were awarded permission under the UK 25th Licensing Round by the newly created Department of Energy and Climate Change.
Government Approves Oil And Gas Exploration
The government has granted seven North Sea exploration licences to allow three major energy companies hunt for oil and gas. Genesis Petroleum Corp, Faroe Petroleum and Stratic Energy Corp were awarded permission under the UK 25th Licensing Round by the newly created Department of Energy and Climate Change.
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Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
