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22/01/2009
British Gas To Reduce Prices By 10%
British Gas has announced it will reduce its gas prices by 10%, from February 19.
The energy provider's reductions will apply to all customers on British gas standard tariff. This will benefit more than 7.5 million homes - 75% of it's client base.
British Gas - part of the Centrica group, trading as Scottish Gas in Scotland - said it was the first major UK energy supplier to announce such a cut since 2007.
It estimates the cuts will save customers £79 on the average household gas bill.
In July last year, the company raised its prices by a record 35%. Meanwhile other firms lifted prices by more than a fifth.
British gas managing director Phil Bentley said: "We understand energy bills are a significant cost and we are committed to providing the best possible prices for customers.
"This price cut will go some way to helping customers manage their budgets, and we will continue to do what we can, when we can."
The cost of wholesale gas, linked to the price of oil, has fallen significantly from the peak it reached last summer.
In July 2007 crude oil reached almost $150 a barrel, but has since slumped as low as $38.
(JM/BMcC)
The energy provider's reductions will apply to all customers on British gas standard tariff. This will benefit more than 7.5 million homes - 75% of it's client base.
British Gas - part of the Centrica group, trading as Scottish Gas in Scotland - said it was the first major UK energy supplier to announce such a cut since 2007.
It estimates the cuts will save customers £79 on the average household gas bill.
In July last year, the company raised its prices by a record 35%. Meanwhile other firms lifted prices by more than a fifth.
British gas managing director Phil Bentley said: "We understand energy bills are a significant cost and we are committed to providing the best possible prices for customers.
"This price cut will go some way to helping customers manage their budgets, and we will continue to do what we can, when we can."
The cost of wholesale gas, linked to the price of oil, has fallen significantly from the peak it reached last summer.
In July 2007 crude oil reached almost $150 a barrel, but has since slumped as low as $38.
(JM/BMcC)
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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.
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.
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.
12 October 2012
British Gas Price Rise
British Gas is to hike its domestic gas and electricity prices by an average of 6% on 16 November 2012. As a result, annual dual fuel bills for British Gas customers with average consumption will increase by around £80. British Gas knows that this £1.
British Gas Price Rise
British Gas is to hike its domestic gas and electricity prices by an average of 6% on 16 November 2012. As a result, annual dual fuel bills for British Gas customers with average consumption will increase by around £80. British Gas knows that this £1.
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