Gas prices down 20 per cent in last week but what does it mean for your energy bills? January 6, 2023 The average price of gas in the UK has fallen by 20 per cent in the last week, but Ofgem said it would have a “limited” impact on bills. Despite the drop, which is compared to the average price from February 2020, pre-Covid, the price of gas was still up one per cent on last [...]
Apology after postal strikes meant just 16 per cent of energy vouchers redeemed December 22, 2022 Royal Mail has apologised after just 16 per cent of energy bill support scheme (EBSS) vouchers were delivered by post this December. The company which has been crippled by strikes this month said sorry after cold Brits were left in the lurch, unable to get hold of energy metre vouchers. Vouchers are claimed by customers [...]
British Gas owner Centrica hands £250m to shareholders as profits surge November 10, 2022 British Gas owner Centrica will hand £250m to shareholders as high wholesale prices put the firm on course for massive profits.
British Gas to donate 10 per cent of profits to help household energy bills August 25, 2022 British Gas will donate 10 per cent of its profits to help households grapple with soaring energy bills for the “duration of the energy crisis”. Parent company Centrica took home some £1.34bn in profits in the first six months of the year, representing a vast five-fold increase on earnings of £262m this time 12 months [...]
Revealed: As bills rise for millions of Brits, this is how much profit energy suppliers make. August 16, 2022 Energy bosses were hauled in front of ministers last week amid nightmare predictions that the average household bill might climb to £5,000 from April after a winter of soaring heating prices. Energy companies have been calling for immediate help for customers. The price cap on bills prevents the firms from taking excess profits from the [...]
29m UK households to get £400 in instalments between October and March to help with energy bills July 29, 2022 As millions worry about the prospect of eye-watering energy bills this winter, the government has revealed how its £400 discount will be implemented. 29m households will receive a non-repayable sum of at least £400 over the course of six months as part of the Energy Bills Support Scheme. The initiative, which will be administered by [...]
Tsunami of new customers: 200,000 households flock to British Gas as competitors are wiped out but profits nearly halve July 28, 2022 British Gas welcomed more than 200,000 customers as some of the energy giant’s rivals went out of business in the first six months of the year. The business gained 158,000 new accounts when it took over the responsibility to sell gas and electricity to Together Energy’s customers. Together was one of around 30 suppliers that [...]
British Gas owner Centrica restores dividend amid massive profits from soaring oil and gas prices July 28, 2022 Centrica has restored its dividend, with the energy giant enjoying a post-pandemic rebound, powered by soaring oil and gas prices.
Bulb Energy: Bidding war lights up as Centrica pulls out of race for fallen energy firm June 27, 2022 The bidding process for the UK's seventh biggest energy firm has taken another dramatic turn, with Centrica pulling out of the running.
Ofgem risks over-regulating energy sector in favour of ‘turgid incumbents’ warns Octopus June 22, 2022 Ofgem runs the risk of "handing the market back to turgid incumbents" by over-burdening the energy sector with regulations, warned Octopus.