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18/01/2008
British Gas To Raise Prices
British Gas has announced plans to increase prices for gas and electricity by 15%. The announcement by the firm, the UK's biggest power provider, followed the announcement of price increases by rival companies Npower and EDF Energy.
The price hikes, which will affect the company's 16 million customers will come into effect immediately. However, around 2.4 million customers on fixed-term tariffs will not be affected by the increase and British Gas owner Centrica confirmed that the 340,000 vulnerable customers on the company's Essentials tariff will have the increase delayed until winter is over.
Centrica said that British Gas would be loss-making this year without the introduction of the price increase, blaming rises in the costs of transport and distribution of energy for the rise, as well as the cost of meeting government targets on the use of renewable energy sources and the reduction of carbon emissions.
EDF Energy announced that it was increasing electricity prices by 7.9% and gas prices by 12:9% earlier this week, while two weeks Npower announced that electricity prices would increase by 12.7% and gas prices by 17.2%.
(KMcA)
The price hikes, which will affect the company's 16 million customers will come into effect immediately. However, around 2.4 million customers on fixed-term tariffs will not be affected by the increase and British Gas owner Centrica confirmed that the 340,000 vulnerable customers on the company's Essentials tariff will have the increase delayed until winter is over.
Centrica said that British Gas would be loss-making this year without the introduction of the price increase, blaming rises in the costs of transport and distribution of energy for the rise, as well as the cost of meeting government targets on the use of renewable energy sources and the reduction of carbon emissions.
EDF Energy announced that it was increasing electricity prices by 7.9% and gas prices by 12:9% earlier this week, while two weeks Npower announced that electricity prices would increase by 12.7% and gas prices by 17.2%.
(KMcA)
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24 June 2005
Gas prices could rise again
British Gas has warned customers that gas prices could be increased again. Centrica, which owns British Gas, said that the price rises were being introduced because of expectations of an increase in wholesale prices. The price rises would follow a 12.4% increase in September last year and a further rise of 5.9% in January.
Gas prices could rise again
British Gas has warned customers that gas prices could be increased again. Centrica, which owns British Gas, said that the price rises were being introduced because of expectations of an increase in wholesale prices. The price rises would follow a 12.4% increase in September last year and a further rise of 5.9% in January.
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.
11 January 2012
EDF Energy Reduce Gas Prices By 5%
EDF Energy has announced it will cut its gas prices by 5% – becoming the first major supplier in 2012 to announce it will pass on falling wholesale prices to its customers. The company was the last of the major suppliers to raise its energy prices in the autumn.
EDF Energy Reduce Gas Prices By 5%
EDF Energy has announced it will cut its gas prices by 5% – becoming the first major supplier in 2012 to announce it will pass on falling wholesale prices to its customers. The company was the last of the major suppliers to raise its energy prices in the autumn.
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.
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.
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