Energy suppliers defend pricing despite government criticism June 1, 2015 Energy secretary Amber Rudd has told the “big six” energy companies to cut bills for consumers, saying the firms can no longer claim they are burdened by the promise of a Labour-led price freeze. Rudd sent letters to the six suppliers – British Gas, EDF Energy, E.On UK, npower, Scottish Power and SSE – on [...]
Former British Gas director Michael Uzielli spends first day as Heathrow CFO June 1, 2015 Former British Gas financial director Michael Uzielli has taken up the reins as chief financial officer of Heathrow, weeks before the Airports Commission announces its decision over a third runway for the airport. Read more: Sir Howard Davies says third runway will deliver more benefits at Heathrow than Gatwick. Uzielli's appointment was announced in [...]
These are Britain’s most complained about energy suppliers – Scottish Power, Npower, E.On, British Gas and SSE ranked May 15, 2015 Complaints about the energy supplier Scottish Power rocketed an astonishing 588 per cent in 2014 with the company receiving the most complaints ever recorded by a single energy firm. Customers of Scottish Power have suffered issues with a new billing system that meant some didn't receive their bill while others struggled to resolve problems. It spurred [...]
Centrica names new British Gas chief executive April 14, 2015 Centrica has named the new chief executive of its British Gas arm: former Aviva boss Mark Hodges will take over at the beginning of June. At a time when energy companies – particularly former state-owned ones – are at the centre of a political football game, few in the industry will envy Hodges' new role. [...]
British Gas owner Centrica warns political uncertainty could hit investment March 26, 2015 British Gas owner Centrica yesterday warned that the run-up to the 7 May election would have a knock-on effect on investment in the UK energy sector. “The UK market faces potential pressure in both the run-up to the UK General Election and in the policy decisions taken by the next government,” Centrica said in its [...]
Centrica’s new chief executive Iain Conn could cut British Gas dividends by 15pc February 15, 2015 Centrica will release its full-year results for British Gas on Thursday, but there is little optimism among analysts. Not only has the falling price of oil weighed down the company's success – it is also going through a competition inquiry and faces a continuing crisis in the North Sea, where a large part of its [...]
British Gas buys smart home company AlertMe for £44m as Centrica bets on Internet of Things February 13, 2015 British Gas has just splashed some major cash on AlertMe, the smart home technology company behind its Hive service, which controls heating remotely at the touch of a smartphone screen. The Centrica-owned energy company will pay £44m to acquire AlertMe, the east London company which provides a platform for connected “smart” devices throughout the home, [...]
SSE price cuts: Fifth energy supplier slashes gas prices following Npower, British Gas, E.On, and Scottish Power January 26, 2015 SSE is the latest energy supplier to cut its prices, passing on savings from the falling cost of wholesale gas to customers. The energy giant will slash its household gas prices by 4.1 per cent, or £28 a year on the typical gas bill. The cuts will take effect from 30 April and the lower [...]
Npower price cuts: Fourth energy supplier slashes gas tariff following E.On, British Gas and Scottish Power January 23, 2015 Npower is the latest energy giant to slash prices and pass on savings from falling wholesale costs to customers. The firm will slash its standard gas tariff by 5.1 per cent from 16 February providing an annual saving of £35. It follows British Gas, E.On and Scottish Power all making price cuts in the last [...]
British Gas price cuts will save customers £37 a year January 19, 2015 BRITISH Gas is reducing household gas prices by five per cent, cutting annual energy bills by an average of £37. The company, which is owned by utility firm Centrica, said the reduction in standard tariffs will benefit 6.8m customers. According to British Gas, the price cut reflects recent declines in wholesale gas prices, and although [...]