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Profits at British Gas have surged tenfold after the industry watchdog relaxed restrictions on how much money energy companies could make from their bills.
Feb 15, 2024 · British Gas has announced its profits for 2023 increased 10-fold to £750m. The supplier said the jump from £72m in 2022 was due to regulator Ofgem allowing it to recover losses of £500m it...
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Feb 24, 2022 · Britain's largest energy supplier Centrica reported a doubling in adjusted profit for 2021 and said its British Gas brand had taken on about 700,000 customers after the collapse of rivals hit by...
Jul 27, 2023 · Energy suppliers like British Gas have struggled to make any real profits for years – the price cap on energy bills put a stop to that. Wholesale energy prices started to rocket in 2021 and...
Jul 27, 2023 · The parent company of British Gas has revealed half-year profits for its UK household supply arm are up by almost 900%. Centrica said that underlying earnings at British Gas rose to £969m ...
Jul 25, 2024 · British Gas owner Centrica’s profits have fallen back after they hit record highs during the energy crisis, as it said the UK was moving to a “more normalised” gas and electricity market....
