British Gas profits rise to £595 million

Thursday 25th February 2010, 8:15AM GMT.

Centrica fuelled anger over energy bills today by revealing its British Gas residential arm made profits of £595 million last year – up 58 per cent on 2008.

The group said British Gas, the UK’s biggest energy supplier, achieved the profits haul due to the addition of 141,000 gas and electricity customers and following operational improvements.

The result comes amid mounting concern that utility firms were not quick enough to pass on falls in wholesale gas prices last year.

Centrica revealed a seven per cent drop in total group underlying operating profits to £1.86 billion as declines in wholesale gas prices saw dwindling returns from its upstream production business.

1
stjoe

February 25, 2010 at 9:46 am

So whats happened to offgem? These greedy people want more and more. If they are making a profit then no more increases should be allowed and our government should sort this out!!!If they are making a loss..well thats different.

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- tommo
  
  February 25, 2010 at 10:26 am
  
  You should never listen to or believe the excuses of these criminals. Nothing will get cheaper, only more expensive, it’s the society we live in, hope you are prepared for the carbon tax that’s on it’s way. Due to the alleged global warming, us the people paying a carbon tax will supposedly remedy the situation, more money, more taxes.
  
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2
cashy

February 25, 2010 at 11:28 am

simply disgusting!!!!

the british worker is getting ripped off let,right and centre by greedy profiteering companies

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