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23/02/2012
Labour Slams British Gas For "Enjoying Huge Profits"
Labour's Shadow Secretary has slammed Centrica, owners of British Gas, after reporting profits of £2.415 billion.
Caroline Flint MP said people will be shocked when millions of families are struggling with their energy bills while British Gas enjoys huge profits.
Ms Flint said: "By letting the energy giants get away with this, the Government is showing it's out of touch and completely unable to stand up to powerful vested interests in the energy industry.
"Our energy market needs a complete overhaul, but David Cameron can only fiddle at the margins because he’s too close to vested interests to stand up for working people. Labour will stand up for hard-pressed families and pensioners and end the rip off. We will reform the energy market by making the big six energy companies sell all of their energy into a pool, allowing new companies to compete to sell it to the public. This will break the stranglehold of the big six, encourage new entrants, increase competition and drive down energy bills for families.
"Even when there’s less money around Labour can still deliver fairness for elderly people struggling with their soaring fuel bills by getting our energy firms to show greater responsibility. We will make energy companies, by law, guarantee that elderly customers, those over 75, will be offered the cheapest tariff for their gas and electricity."
(CD/GK)
Caroline Flint MP said people will be shocked when millions of families are struggling with their energy bills while British Gas enjoys huge profits.
Ms Flint said: "By letting the energy giants get away with this, the Government is showing it's out of touch and completely unable to stand up to powerful vested interests in the energy industry.
"Our energy market needs a complete overhaul, but David Cameron can only fiddle at the margins because he’s too close to vested interests to stand up for working people. Labour will stand up for hard-pressed families and pensioners and end the rip off. We will reform the energy market by making the big six energy companies sell all of their energy into a pool, allowing new companies to compete to sell it to the public. This will break the stranglehold of the big six, encourage new entrants, increase competition and drive down energy bills for families.
"Even when there’s less money around Labour can still deliver fairness for elderly people struggling with their soaring fuel bills by getting our energy firms to show greater responsibility. We will make energy companies, by law, guarantee that elderly customers, those over 75, will be offered the cheapest tariff for their gas and electricity."
(CD/GK)
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31 July 2008
Centrica Posts £1 Million In Profits - To Consumers Anger
British Gas owner Centrica has posted half-year profits of almost £1 billion - much to the anger of consumer groups. Centrica maintain that it has been "absolutely necessary" to raise household gas prices as profits were down 20% in the first six months of this year to £992 million - down from £1.23 billion in 2007.
Centrica Posts £1 Million In Profits - To Consumers Anger
British Gas owner Centrica has posted half-year profits of almost £1 billion - much to the anger of consumer groups. Centrica maintain that it has been "absolutely necessary" to raise household gas prices as profits were down 20% in the first six months of this year to £992 million - down from £1.23 billion in 2007.
24 September 2008
EDF To Takeover British Energy
The Government welcomed EDF's proposed £12.5 billion takeover offer for British Energy Group and the British Energy Board's recommendation of the offer to its shareholders. The Government has committed to accept the cash offer of 774p per share for its 36% stake held by the Nuclear Liabilities Fund (NLF), subject to certain conditions.
EDF To Takeover British Energy
The Government welcomed EDF's proposed £12.5 billion takeover offer for British Energy Group and the British Energy Board's recommendation of the offer to its shareholders. The Government has committed to accept the cash offer of 774p per share for its 36% stake held by the Nuclear Liabilities Fund (NLF), subject to certain conditions.
09 September 2005
Gas and electricity prices to rise by over 14%
British Gas prices are set to rise by 14.2% for residential customers later in September. The company blamed the increase on soaring oil and gas prices. The rise follows on recent similar price hikes by Powergen and EDF Energy. The company said that the 14.
Gas and electricity prices to rise by over 14%
British Gas prices are set to rise by 14.2% for residential customers later in September. The company blamed the increase on soaring oil and gas prices. The rise follows on recent similar price hikes by Powergen and EDF Energy. The company said that the 14.
27 September 2005
Energy watchdog warns on price rises
Rising energy prices are posing a “serious threat” to British businesses, the energy watchdog has announced. Energywatch is to hold a meeting with business leaders and Energy Minister Malcolm Wicks during the Labour party conference in Brighton on Tuesday in order to discuss the effect that rising energy bills are having on the UK economy.
Energy watchdog warns on price rises
Rising energy prices are posing a “serious threat” to British businesses, the energy watchdog has announced. Energywatch is to hold a meeting with business leaders and Energy Minister Malcolm Wicks during the Labour party conference in Brighton on Tuesday in order to discuss the effect that rising energy bills are having on the UK economy.
04 February 2010
Energy Supplier Slashes Gas Price
British Gas has today cut its standard gas prices by an average 7%. The price cut, which will benefit 8 million households, takes effect immediately and makes British Gas, on average, the cheapest supplier of standard gas and electricity right across Britain - no matter which way customers choose to pay.
Energy Supplier Slashes Gas Price
British Gas has today cut its standard gas prices by an average 7%. The price cut, which will benefit 8 million households, takes effect immediately and makes British Gas, on average, the cheapest supplier of standard gas and electricity right across Britain - no matter which way customers choose to pay.
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