Centrica slides on British Gas’ £5.6m penalty April 10, 2014 CENTRICA’S share price slumped over one per cent yesterday, after its supply arm British Gas was fined £5.6m by the regulator for unfairly blocking business customers from switching. Energy firms can prevent customers from switching in certain cases, such as if the customer owes money on the account. But Ofgem found that between 2007 and [...]
British Gas Business hit with £5.6m penalty April 10, 2014 Energy regulator Ofgem has ordered British Gas Business, a unit of British Gas, to pay £5.6m in fines after the company was found to have incorrectly blocked businesses from switching suppliers. British Gas Business has already paid £1.3m to affected business customers, and is now set to pay £3.4m into an energy efficiency fund plus [...]
British Gas loses executive who was taken to task by Twitter December 19, 2013 THE BRITISH Gas executive who led the company’s disastrous Twitter Q&A two months ago is leaving the firm to return to the Netherlands, the energy group said yesterday. Bert Pijls, British Gas’s managing director of customer services, decided to depart after his team was restructured and another role he was offered did not “match his [...]
British Gas blames regulation for 9pc hike in energy bills October 17, 2013 THE UK’S energy debate was ignited again yesterday, after British Gas said it would be raising customers’ bills by 9.2 per cent from 23 November – adding £104 on to the average annual dual fuel bill – and blamed the government’s green initiatives for almost half of the increase. Centrica, which owns the big six [...]
Ex-British Gas boss to head up telecoms giant October 17, 2013 FORMER British Gas boss Phil Bentley has joined Cable & Wireless Communications as the telecoms group’s new chief executive. Bentley stepped down from British Gas in February to pursue his ambition to become a chief executive, after it became clear he was not in the running to take the top job at parent company Centrica. [...]
Gas crisis is ‘unlikely’ October 31, 2005 British Gas is to hit back at speculation regarding gas shortages today, saying that it is becoming “a scare story that borders on the irresponsible”. Mark Clare, managing director of British Gas Residential, will be giving evidence at the Trade and Industry Committee inquiry on the security of gas supply, along with Ofgem and Malcolm [...]