Gas price crisis: Ovo boss hints more energy companies will fold October 10, 2021 More energy companies will have a “hard time” due to rising gas prices, the chief executive of Ovo has said. Stephen Fitzpatrick told the BBC this morining: “There are a lot of companies in the market that have sprung up quite recently, there’s been some great competition in the UK market, consumers have benefitted. “But [...]
Gas crisis: Octopus Energy eyes takeover bid of rival Bulb September 25, 2021 Octopus Energy is reportedly eyeing a takeover of energy challenger rival Bulb, amid the UK’s gas crisis which has drained supplier’s finances. The energy supplier is among the parties which have requested access to data from Bulb’s financial advisers as it attempts to bag fresh funding, Sky News’ Mark Kleinman first reported. The takeover would [...]
Brits face choice between heating and eating, warns personal finance guru Martin Lewis September 20, 2021 Thousands of Brits will be forced to make the devastating choice between heating and eating as energy bills rise, Martin Lewis has warned. The consumer and personal finance champion called the ongoing energy crisis “catastrophic” and said intervention is needed to help consumers. Soaring wholesale gas prices are putting an upward pressure on energy bills. [...]
British Gas takes on 350,000 customers from collapsed People’s Energy September 20, 2021 British Gas has agreed to take on an extra 350,000 domestic customers from collapsed energy firm People’s Energy, regulator Ofgem has confirmed. The company went bust last week, leading to Ofgem finding another supplier to take on the firm’s customers. Outstanding credit balances including money owed to both existing and former domestic customers of People’s [...]
Centrica profits lift as British Gas strike turns down the heat July 22, 2021 Centrica has taken home some £1bn in operating profits in the past six months, as industrial actions at subsidiary British Gas tones down. The group swung from a £338m statutory profit loss last year, it said in its result for the six months to 30 June. Shares sank 2.1 per cent in its afternoon trading, [...]
GMB calls off British Gas strike after 44 days July 20, 2021 Union GMB has today brought an end to 44 days of strike action after its members backed a new pay deal from British Gas. Around 7,000 of the company’s engineers carried out the industrial action in protest at the firm’s so-called “fire and rehire” tactics. GMB said that 500 workers lost their jobs as a [...]
British Gas owner Centrica still suffering from fall in electricity demand May 10, 2021 British Gas owner Centrica today said that the pandemic was continuing to heap pressure on its finances, with electricity demand down 15 per cent in the first quarter. The company’s quarterly residential boiler installations were also down 11 per cent compared to the same period in 2020, while non-essential visits were postponed due to Covid [...]
Mass sacking at British Gas as 500 engineers lose job amid contract row April 15, 2021 Nearly 500 British Gas engineers lost their jobs yesterday after refusing to sign new contracts which will reportedly cut their pay by around 15 per cent. British Gas owner Centrica told various media last night that around 2 per cent of its staff had chosen not to sign the new contracts, though it refused to [...]
British Gas engineers set for 12 more days of strikes in March March 10, 2021 Union GMB today said that its workers at British Gas would go on strike for 12 days in March, as a dispute over contract conditions goes on. The new industrial action plans takes the number of days on which staff at the energy supplier have gone on strike during the current dispute to 42. GMB [...]
British Gas engineers ignite fresh wave of protests after rejecting revised contract March 5, 2021 British Gas engineers have relaunched strike action today after rejecting a revised offer that aimed to resolve the continuing fire-and-rehire dispute. The GMB union said its members had voted by almost four to one against the offer which failed to take fire-and-rehire tactics off the table. After two rounds of talks, workers have now walked [...]