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16/12/2005
Centrica warns of energy price increases
Centrica, the owners of British Gas, have warned that energy prices will rise again next year, due to rising fuel prices.
In a statement, Centrica said that gas prices for the winter months had continued to be “volatile” and had remained high due to fears of a cold winter and gas shortages.
Centrica said that British Gas’s weighted average cost of electricity would be around 37% higher than 2004 and the weighted average cost of electricity will be 30% higher.
“Consumers will face another year of price increases as all suppliers look to recover higher wholesale costs,” the statement said.
However, the company said that it expects to lose only 160,000 energy accounts due to the price increases, compared to 764,000, when price increases were introduced in 2004.
British Gas customers saw their bills rise by 15% in September.
Centrica also announced that a second round of job cuts would take place, as part of plans to save an additional £30 million by 2007. It had announced in September that they wanted to reduce their cost base by £150 million, but has now increased that figure to £180 million.
Centrica stated that 2,000 jobs would be cut in July. Further specific details about the newest job cuts have not been released, but they are expected to take place throughout the group in the firm’s corporate and support operations.
Centrica said that 2006 would continue to be a “challenging year” due to continuing wholesale commodity price volatility.
(KMcA)
In a statement, Centrica said that gas prices for the winter months had continued to be “volatile” and had remained high due to fears of a cold winter and gas shortages.
Centrica said that British Gas’s weighted average cost of electricity would be around 37% higher than 2004 and the weighted average cost of electricity will be 30% higher.
“Consumers will face another year of price increases as all suppliers look to recover higher wholesale costs,” the statement said.
However, the company said that it expects to lose only 160,000 energy accounts due to the price increases, compared to 764,000, when price increases were introduced in 2004.
British Gas customers saw their bills rise by 15% in September.
Centrica also announced that a second round of job cuts would take place, as part of plans to save an additional £30 million by 2007. It had announced in September that they wanted to reduce their cost base by £150 million, but has now increased that figure to £180 million.
Centrica stated that 2,000 jobs would be cut in July. Further specific details about the newest job cuts have not been released, but they are expected to take place throughout the group in the firm’s corporate and support operations.
Centrica said that 2006 would continue to be a “challenging year” due to continuing wholesale commodity price volatility.
(KMcA)
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13 May 2013
18% Rise In Gas Usage At Beginning Of 2013
Residential gas use in the UK increased by 18% in the first four months of 2013, Centrica has revealed. Blaming the colder weather, Centrica, which owns British Gas, added that the benefit they say from the increase gas usage would be used to “to maintain our price competitiveness".
18% Rise In Gas Usage At Beginning Of 2013
Residential gas use in the UK increased by 18% in the first four months of 2013, Centrica has revealed. Blaming the colder weather, Centrica, which owns British Gas, added that the benefit they say from the increase gas usage would be used to “to maintain our price competitiveness".
28 July 2010
British Gas Announces 98% Profit Rise
British Gas have announced profits of £585 million for the first half of the year - a rise of 98%. Centrica, which owns British Gas, has attributed the rise to the cold winter, as well as the addition of 223,000 new residential customers following the cut in gas bills in February.
British Gas Announces 98% Profit Rise
British Gas have announced profits of £585 million for the first half of the year - a rise of 98%. Centrica, which owns British Gas, has attributed the rise to the cold winter, as well as the addition of 223,000 new residential customers following the cut in gas bills in February.
31 May 2012
UK House Prices Edge Up By 0.3% In May
The price of a typical UK house rose by 0.3% according to the latest Nationwide House Price Index. The price of typical home now stands at £166,022, but are 0.7%lower compared to last year.
UK House Prices Edge Up By 0.3% In May
The price of a typical UK house rose by 0.3% according to the latest Nationwide House Price Index. The price of typical home now stands at £166,022, but are 0.7%lower compared to last year.
14 April 2006
Western Britain sees biggest house price increases
Homeowners in western Britain have seen the biggest house price increases in the UK over the last decade, the Halifax has reported. Cornwall saw the biggest rise, with prices increasing by 268% from 1996 - an increase from £53,081 to £195,388. Anglesey was second, with a 252% rise in prices, followed by Ceredigion in Wales with a 244% rise.
Western Britain sees biggest house price increases
Homeowners in western Britain have seen the biggest house price increases in the UK over the last decade, the Halifax has reported. Cornwall saw the biggest rise, with prices increasing by 268% from 1996 - an increase from £53,081 to £195,388. Anglesey was second, with a 252% rise in prices, followed by Ceredigion in Wales with a 244% rise.
19 April 2005
ONS reports inflation rate rise
The rate of inflation in the UK rose to 1.9% last month, a jump from 1.6% in February, the Office of National Statistics (ONS) has reported. The ONS said that the rate had risen because of stronger price increases for transport, food, furniture and clothing.
ONS reports inflation rate rise
The rate of inflation in the UK rose to 1.9% last month, a jump from 1.6% in February, the Office of National Statistics (ONS) has reported. The ONS said that the rate had risen because of stronger price increases for transport, food, furniture and clothing.
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