British Gas Profits Rise to £571m
Energy supplier British Gas has reported annual profits of £571m at its residential arm, up from £95m in 2006. The news came as Centrica, British Gas' parent company, reported a 40% rise in operating profits to £1.95bn. Trade union Unison said ...
by Emma Young February 29th, 2008
Watchdog Disputes British Energy Advertising Claims
The Advertising Standards Agency banned a TV and press ad campaign for British Gas for making false green claims about an energy tariff. The TV ad, by ad agency Clemmow Hornby Inge, was for the company's Zero Carbon gas and electricity ...
by Emma Young February 8th, 2008
Energywatch Says Energy Price Increases ‘Unjustifed’
Energy companies such as British Gas which have increased household bills by over 15 per cent should be referred to the Competition Commission, says consumer watchdog Energywatch. In the past month, British Gas, EDF Energy and Npower have all increased utility bills. This has affected more than two-thirds of UK households.
by Emma Young January 31st, 2008
Ofgem Considers Energy Market Collusionn
Ofgem, the UK’s energy watchdog, is looking closely at allegations of cartel-like behaviour by the country’s top six gas and electricity suppliers. Ofgem has written to Britain’s Energy Retail Association (ERA) to ensure that illicit price fixing is not happening at ...
by admin January 28th, 2008
Suffolk Firms Damaged by High Energy Costs
John Dugmore, chief executive of Suffolk Chamber of Commerce, warned that high energy costs and fears about supply security are damaging Suffolk firms. His warning comes after a month of price rises by UK utility companies, British Gas, npower, and ...
by admin January 28th, 2008
Ofgem Declines Energy Probe
Ofgem, the UK energy regulator, announced that is has no concerns about anti-competitive behaviour in the UK. Earlier this month, Npower increased average gas prices by 17.2% and electricity by 12.7%, and its competitors are expected to follow suit. Chancellor Alistair ...
by admin January 16th, 2008
Centrica Will Buy 10 Percent Stake in Ceres Power
British Gas-owner Centrica Plc said on Monday it had agreed to buy a 10 percent stake in fuel cell firm Ceres Power. The purchase will cost the company around 20 million pounds ($39.22 million), which will increase Ceres shares by more than 30 percent. Centrica said it would buy the
by admin January 16th, 2008
British Gas Undecided about Rate Hikes
British Gas, the UK's biggest energy supplier, is undecided about whether to increase power and gas prices and has no plans to introduce regional gas pricing, a spokesman for the company said. Npower introduced sweeping double-digit price increases for power and gas for British retail customers last week and stated that
by admin January 11th, 2008
