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12/05/2008
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. This is due primarily to the lower profitability in British Gas Residential, which experienced exceptional conditions in the early part of last year.
Centrica said: "Looking to the full year, forward wholesale gas and power prices in the UK remain stubbornly high. The wholesale gas price for the second half of this year is double that experienced during the second half of 2007 and for the fourth quarter of this year it is over 80 pence per therm, compared to 44 pence for the same period last year. At current forward wholesale gas prices operating profit in the upstream gas production business will be very strong, although this will be partially offset by the additional losses in the industrial and commercial gas sales contracts."
The firm also said the number of new customers had fallen since it increased its prices in January.
(CD/JM)
The company said its Group operating profit for the first half of the year will be materially lower than the first half of 2007. This is due primarily to the lower profitability in British Gas Residential, which experienced exceptional conditions in the early part of last year.
Centrica said: "Looking to the full year, forward wholesale gas and power prices in the UK remain stubbornly high. The wholesale gas price for the second half of this year is double that experienced during the second half of 2007 and for the fourth quarter of this year it is over 80 pence per therm, compared to 44 pence for the same period last year. At current forward wholesale gas prices operating profit in the upstream gas production business will be very strong, although this will be partially offset by the additional losses in the industrial and commercial gas sales contracts."
The firm also said the number of new customers had fallen since it increased its prices in January.
(CD/JM)
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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.
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.
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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