Centrica, the owner of British Gas, is expected to lose £70m in the first quarter of 2019. They say the new cap on energy bills, which will come into effect on 1 January, is to blame. Continue Reading
Centrica, the owner of British Gas, announced that it lost a combined total of 110,000 gas and electricity accounts over the course of the first four months this year. Continue Reading
British Gas customers set for a 5.5% increase from the 29th of May in household bills which will raise the average yearly cost of energy to £1,161 for your average dual fuel consumer. Continue Reading
British gas has announced they will be scrapping their standard variable tariffs (SVTs) in a move they claim will lower the average bill for their customers, most of whom are on standard tariffs.
Energy companies have received a warning from the government that they could still legislate a price cap following British Gas’s announcement of a 12.5% increase in electricity prices.
British Gas, a subsidiary of Centrica and one of the UK’s Big Six energy providers, announced its plans to impose an electricity price hike on September 15th of this year. The 12.5% increase will soon affect an estimated 3.1 million customers.
Centrica, British Gas’ Spanish parent company, has announced that it will be launching a new unit dedicated to the funding and ‘incubating’ of energy related tech start-ups.