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. The boss of British Gas’s parent company was handed a pay increase of nearly 40% last year, a raise Labour attacked as “astronomical” and a “kick in the teeth” for millions of families living in fuel poverty. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 03:35:51 PM
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Latest Finance News related to British Gas

Boss of British Gas owner gets 40% pay rise as millions live in fuel poverty image
. The boss of British Gas’s parent company was handed a pay increase of nearly 40% last year, a raise Labour attacked as “astronomical” and a “kick in the teeth” for millions of families living in fuel poverty. ...
SSE the latest ‘big six’ firm to put its prices up image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
....”. Four of the other big six suppliers have already announced price rises this year, while British Gas has held its prices until August. ...
Theresa May echoes Ed Miliband with promise to reform energy market image
Source : Guardian [Read Article] Friday 17th of March 2017 04:53:15 PM
.... First Utility, one of the largest suppliers outside of the big six said it was encouraged by May’s comments and “government intervention now looks like the only way to ensure the benefits of competition work for all customers”. But comparison sites and British Gas, the UK’s biggest energy supplier, argued that any price cap would ultimately hurt competition and consumers. ...
Energy costs to soar as Big Six companies turn up the heat image
Source : Daily Express [Read Article] Tuesday 14th of March 2017 08:01:00 AM
.... . British Gas is the only one of the Big Six that has not announced a hike, having previously said it would freeze prices until August. ...
How to beat UK energy price rises image
Source : Guardian [Read Article] Monday 13th of March 2017 12:20:57 PM
.... While it’s not the worst out of the five suppliers who have declared a rise – that accolade goes to Npower – comparison sites have still condemned it as “hammer blow” for householders. British Gas has frozen its prices, but only until August when it is expected to raise them, and experts say its standard tariff deal isn’t good value anyway. ...
SSE to raise electricity prices next month image
Source : BBC [Read Article] Monday 13th of March 2017 09:52:44 AM
....SSE said the electricity price rise was its first for three and half years. Four of the other big six suppliers have already announced price rises this year, while British Gas has held prices until August. ...
Martin Lewis: ALL Big 6 standard energy bills are RIP OFF after SSE hike image
Source : Daily Express [Read Article] Monday 13th of March 2017 09:16:00 AM
....Mr Lewis said: “We now have a true level playing field for comparison, as SSE is the last of the big six firms to announce its pricing intentions. “Five have announced hikes, and British Gas is freezing prices until August, and will, I suspect, increase prices then. ...
How free market helped big six energy firms to rack up huge profits image
Source : Guardian [Read Article] Sunday 12th of March 2017 12:05:09 AM
.... Once the fixed period has ended, unless they switch again they will be moved back on to a standard variable tariff. So energy companies have little incentive to give the sticky 66% a good deal, which results in “excessive prices” generating about £2bn a year for the big six – British Gas, Scottish Power, EDF, SSE, Npower and E. ...
E.ON price rise branded 'monstrous' as users face £97 a year extra image
Source : Guardian [Read Article] Tuesday 7th of March 2017 03:32:17 PM
....”. British Gas has pledged to freeze prices until August, while SSE has promised to hold prices “until at least April”. ...
E.On to raise gas and electricity prices in April image
Source : BBC [Read Article] Tuesday 7th of March 2017 11:24:37 AM
....". Three other big power companies have announced price rises this year, while British Gas has announced a freeze until August. ...
Switch hitch: Ofgem to look into improper exit-fee allegations image
Source : Guardian [Read Article] Monday 6th of March 2017 11:14:41 AM
....The energy regulator confirmed it was talking to some of the big six energy companies after MoneySavingExpert (MSE) handed over a bundle of customer complaints on mishandling of such fees, which can be up to £100. The personal finance site named npower, British Gas and E. ...
Mitie sells home healthcare business for £2 image
Source : BBC [Read Article] Wednesday 1st of March 2017 09:35:09 AM
....Mitie's exit from the healthcare market follows a similar move by fellow outsourcer Mears. In December, Ruby McGregor-Smith stepped down as chief executive of Mitie and was replaced by former British Gas boss Phil Bentley. ...
Energy bills: customer switching hits six-year high image
Source : BBC [Read Article] Monday 27th of February 2017 12:05:06 AM
...."The industry is committed to ensuring the market works for everyone and is taking action to engage with loyal customers," he said. Last week, British Gas, which is freezing gas and electricity prices until August, said it was facing strong competition from more than 50 suppliers. ...
Windfarms aren’t the real reason energy bills are rising. Blame the free market image
.... Theresa May and business secretary Greg Clark have both expressed concern for billpayers. But as Iain Conn, the chief executive of British Gas’s parent company, Centrica, said last week when his company reported a 4% rise in profits: “The government aren’t sure they need to intervene. ...
Barclays: triple the profits, but still a work in progress | Nils Pratley image
Source : Guardian [Read Article] Friday 24th of February 2017 07:09:13 AM
.... The idea that salvation for RSA implied submission to the big insurers’ fashion for consolidation couldn’t have been more wrong. Are standard tariffs at British Gas a raging rip-off or are they are “actually decent value”, as Iain Conn, boss of parent Centrica, maintains? We’ll await regulator Ofgem’s next views on interplay between fixed and standard tariffs. ...
British Gas worst-value tariffs are not 'evil empire', boss says image
Source : Guardian [Read Article] Thursday 23rd of February 2017 01:28:27 PM
. The boss of British Gas’s parent company has defended the worst-value energy deals that two-thirds of households are on, saying they are not the “evil empire”. ...
FTSE dragged down by ex-dividend firms image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:36:49 PM
....(Close): The London market ended the day in the red, with Centrica among the biggest fallers following its latest results. The British Gas owner closed 3. ...
British Gas boss: 'We no longer have highest prices' image
Source : BBC [Read Article] Thursday 23rd of February 2017 10:48:43 AM
. British Gas has said the competitive nature of the UK's energy market was one of the reasons why its profits fell last year. ...
British Gas says competition has hit profits image
Source : BBC [Read Article] Thursday 23rd of February 2017 09:02:22 AM
. British Gas has said the competitive nature of the UK's energy market was one of the reasons why its profits fell last year. ...
Gas and electricity prices may have to rise further, warns industry body image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:11:24 PM
....Npower, EDF and Scottish Power have already announced price rises for millions of customers, blaming a mix of rising wholesale costs, installation of smart meters and government policies paid for through bills. British Gas has frozen prices until August, while SSE and E. ...
British Gas price freeze is unlikely to impress customers image
Source : Guardian [Read Article] Sunday 19th of February 2017 07:00:02 AM
. Energy companies are hardly popular at the best of times, but British Gas must have hoped for some praise when it said it was freezing energy prices until August, a timely announcement made on the same day Scottish Power unveiled a 7. ...
Energy bills to rise up to 28% for thousands in UK as fixed contracts end image
Source : Guardian [Read Article] Wednesday 15th of February 2017 02:23:09 PM
....The other firms to raise electricity prices have announced rises of around 8%. However, British Gas said last week it was freezing bills. ...
Time to get boiler cover before you end up in hot water image
Source : Daily Express [Read Article] Wednesday 15th of February 2017 12:01:00 AM
....”. First check if boiler breakdown is covered by your home insurance policy, usually as an addon for an extra premium, or consider stand-alone boiler cover to include an annual service, which is sometimes called home emergency cover, sold by specialists such as HomeServe, British Gas, and CoverCloud. ...
Scottish Power customers to be hit by 7.8% price hike image
Source : Guardian [Read Article] Friday 10th of February 2017 12:26:20 PM
....More than a million Scottish Power customers will see their energy bills rise by £86 a year after it became the third of the big six energy suppliers to announce a price hike. But British Gas, the biggest energy supplier, announced on Friday that it would freeze prices until August, contrary to recent reports that it was planning a rise of up to 9%. ...
Lack of transparency over green energy subsidies 'shambolic', say MPs image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:01:00 AM
....The price cap, one of the recommendations by the competition regulator after its investigation into the energy market, will stay in place until the end of 2020 when all the UK’s homes are expected to have been switched to smart meters. The limit comes just days after npower raised its prices by £109 for a typical customer, and amid reports that British Gas was preparing a similar rise. ...
Train ticket pricing due for overhaul; plus, Nissan owners driven to anger image
Source : Guardian [Read Article] Thursday 2nd of February 2017 03:18:38 PM
....B&Q installation flooded our home but no one is paying up. Why has it taken British Gas a year to sort out my electricity account?. ...
Why has it taken British Gas a year to sort out my electricity account? image
Source : Guardian [Read Article] Wednesday 1st of February 2017 07:00:09 AM
. I have been waiting for more than a year to take over an electricity account with British Gas on a small commercial premises. ...
Energy companies have 'abusive relationship' with customers, says MP image
Source : Guardian [Read Article] Tuesday 31st of January 2017 04:21:30 PM
....In a lively session with consumer groups and energy providers, MPs were focused on the findings of a two-year investigation into the energy market by the competition watchdog, which concluded last summer. The Competition and Markets Authority found that 70% of domestic customers of the big six companies – British Gas, EDF, E. ...
Booker Tesco deal has hedge funds in a funk image
Source : Guardian [Read Article] Sunday 29th of January 2017 07:00:17 AM
.... Sharpish. The chief executive of British Gas owner Centrica is fast establishing a reputation as the chap in the City who is always in the wrong place at the wrong time. ...
Big six energy suppliers warned not to raise prices any time soon image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:08:21 PM
....On Thursday the regulator published its supplier cost index, the first time it has analysed costs facing energy suppliers since 2015. Nolan said it should act as “some check on energy companies’ behaviour on price rises”, in a pointed warning to the big six – EDF Energy, British Gas, SSE, E. ...
What did Rolls-Royce directors know about bribery scandal? 'No comment' image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:00:30 AM
....Iain Conn. The chief executive of Centrica, owner of British Gas, was the senior independent director at Rolls in 2010 and was on the board from 2005 to 2014. ...
Mr Kipling maker's shares in exceedingly sharp fall as profits sliced image
Source : Guardian [Read Article] Wednesday 18th of January 2017 03:09:46 PM
.... Mitie’s cleaning division is also struggling. The firm brought in a new chief executive, Phil Bentley, who used to run British Gas and Cable & Wireless Communications and started at Mitie in early December. ...
Fischer Energy joins UK retail market with 100% renewable offer image
Source : Guardian [Read Article] Sunday 15th of January 2017 04:49:38 PM
.... You take Bulb, they have one tariff and renewable electricity,” said Stephen Murray, an energy expert at Moneysupermarket. He said the comparison site had noticed that since GB Energy’s demise, customers were erring towards more established players such as British Gas, EDF, npower, E. ...
Freeze your gas bill before cold sets in by switching energy providers image
Source : Daily Express [Read Article] Sunday 15th of January 2017 12:01:00 AM
.... . Energy experts say that millions of people are already paying over the odds for their energy as they are on costly standard variable tariff (SVT) dual fuel contracts with the “Big Six” providers, British Gas, E. ...
Sir David Clementi: City grandee ready to do the business at the BBC image
Source : Guardian [Read Article] Tuesday 10th of January 2017 04:40:51 PM
....Clementi, whose appointment will be officially made by Theresa May, has very little if any experience in the media business but his talents have been called on by several prime ministers. He advised Margaret Thatcher on the multibillion-pound privatisation of BT in 1984, and was seen to have done such a good job of it that his bank, Kleinwort, had a near-monopoly on running the sell-off of state assets including British Gas and the electricity industry. ...
Is night time the right time to use your electrical appliances? image
Source : Guardian [Read Article] Saturday 7th of January 2017 06:59:12 AM
....Many readers will already be familiar with the Economy 7 tariff, which offers cut-price electricity at night. British Gas last year launched a simpler version of this, the FreeTime tariff, which offers free energy between 9am and 5pm on Saturday or Sunday. ...
Green Energy UK offers first electricity tariff based on time of day image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 04:13:51 PM
....Time-of-day tariffs are also seen as a way to solve potential headaches for the National Grid as more renewable but intermittent sources of power such as wind and solar are brought online. British Gas last year offered customers a day of free electricity a week in a bid to encourage them to sign up for smart meters. ...
Brexit, strikes and pay revolts: the year in business image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:00:27 AM
.... The company said she had doubled profits and revenues during her tenure – but the shine was taken off by a profit warning three weeks earlier that knocked 25% of the share price. Phil Bentley, who used to run British Gas and Cable & Wireless Communications, took over. ...
EDF to hike electricity prices 8.4% with other providers expected to follow suit image
....EDF is first of the big six to announce that an increase in prices is in the pipeline. British Gas and SSE have both frozen the cost of their standard tariffs over the winter months. ...
EDF to cut gas bills but raise electricity prices image
Source : BBC [Read Article] Friday 16th of December 2016 10:34:35 AM
....The company is the first of the UK's "big six" energy suppliers to announce price increases for next year. SSE, British Gas and E. ...
Centrica has donated to US climate change-denying thinktank image
Source : Guardian [Read Article] Friday 16th of December 2016 06:00:45 AM
. British Gas’s parent company, Centrica, has given tens of thousands of dollars to a US thinktank that denies climate change and is backed by Donald Trump’s energy secretary. ...
British Gas owner Centrica says it will beat targets after cost cuts image
Source : Guardian [Read Article] Thursday 15th of December 2016 09:25:19 AM
. British Gas owner Centrica has upgraded its profit outlook after cost cuts and strong trading, a day after it emerged that three-quarters of its customers are on expensive variable tariffs. ...
Energy customers could save £260 without switching, says Ofgem image
Source : BBC [Read Article] Wednesday 14th of December 2016 11:04:45 AM
....As many as 6. 6 million British Gas customers could save £129 a year, according to Ofgem. ...
New battery power-storage plants scheduled to keep UK lights on image
Source : Guardian [Read Article] Friday 9th of December 2016 06:24:39 PM
.... No new gas power station of a significant scale won a subsidy contract in the bidding process, where companies and technologies competed to provide backup power for the lowest price during the winter of 2020-21. However, the British Gas owner, Centrica, won support for a small-scale gas power plant to be built by 2019 at King’s Lynn in Norfolk. ...
Energy firms held £4bn in overpayments image
Source : BBC [Read Article] Thursday 8th of December 2016 02:58:22 PM
....Some energy suppliers provide annual automatic refunds. British Gas, EDF, Npower, SSE and E. ...
British Gas to freeze standard prices this winter image
Source : Guardian [Read Article] Thursday 1st of December 2016 10:58:48 AM
British Gas to freeze energy prices for 6 million customers image
Source : Independent [Read Article] Thursday 1st of December 2016 10:14:00 AM
...
GB Energy's collapse to hit 160,000 households with higher bills image
Source : Guardian [Read Article] Sunday 27th of November 2016 06:35:39 PM
....”. The government has sought to increase competition in the retail market dominated by the “big six” suppliers – British Gas, E. ...
Mitie issues profit warning as it reports £100m loss image
Source : BBC [Read Article] Monday 21st of November 2016 08:59:39 AM
....In more positive news, Mitie, which holds big contracts with the Ministry of Justice and Home Office, said it had won £170m-worth of new contracts with companies such as Manchester Airports Group, Network Rail, and the Scottish Police Authority. After a decade as chief executive, Ms McGregor-Smith steps down next month to be replaced by former British Gas boss Phil Bentley. ...
SSE to freeze energy prices this winter image
Source : Guardian [Read Article] Friday 18th of November 2016 03:01:42 PM
....The company said prices would not rise until April 2017 at the earliest. The move puts pressure on rivals Iberdrola’s Scottish Power, Centrica’s British Gas, RWE’s npower, EON and EDF Energy to do the same. ...
Collective switching: can clubbing together lower your energy bills? image
Source : Guardian [Read Article] Thursday 17th of November 2016 07:00:41 AM
.... It is behind The Big London Energy Switch scheme, as well as a collective switch promoted by UKPower. One attraction of collectives is that the winning supplier is often one of the big six, such as British Gas or E. ...
One in three working families struggle to pay energy bills, poll shows image
Source : Guardian [Read Article] Thursday 17th of November 2016 12:01:33 AM
....”. But the energy company First Utility accused the big six suppliers – British Gas, E. ...
Greg Clark to meet energy firms over 'profiteering' claims image
Source : Guardian [Read Article] Monday 14th of November 2016 02:11:57 PM
.... Households on standard tariffs make up 70% of users despite lower rates on offer from shopping around. The figures suggest profit margins of up to 28% for British Gas, SSE, EDF, E. ...
Prepare for the cold weather and start saving this winter image
Source : Daily Express [Read Article] Wednesday 9th of November 2016 10:06:00 AM
.... It only takes a few minutes to find another provider online and there are huge savings of up to £359 to be made,” he says. Households are moving away from the “big six” energy suppliers, namely Npower, British Gas, SSE, E. ...
‘Switch and save’ say energy experts, as fixed-rate tariffs end image
Source : Guardian [Read Article] Saturday 5th of November 2016 07:01:40 AM
....Around a year ago, thousands of UK households moved to one-year fixed energy tariffs, but 12 months on they will be dumped on to their energy provider’s much more expensive “standard” tariff unless they once again switch to a new deal. Providers with fixed-price tariffs coming to an end in November and December include five of the big six suppliers – Scottish Power, SSE, npower, EDF and British Gas – as well as smaller suppliers GnERGY, Spark Energy, and Extra Energy, which alone has 25 fixed tariffs ending soon. ...
Five minute guide to making sure your heating works image
Source : Daily Express [Read Article] Sunday 30th of October 2016 12:01:00 AM
....EMERGENCY PLANNING . Another option is to buy stand-alone home emergency cover through specialists such as British Gas, CoverCloud and HomeServe. ...
Big Bang image
Source : BBC [Read Article] Wednesday 26th of October 2016 11:02:29 PM
.... . "You have to remember that LIFFE (the London International Financial Futures and Options Exchange) had started up in 1982 and already attracted the big American and Japanese banks - not to mention the privatisations of British Gas, British Airways and so on. ...
Invest in equity income funds to fight inflation image
Source : Daily Express [Read Article] Wednesday 26th of October 2016 12:01:00 AM
....There are no guarantees, as cash-strapped companies are free to reduce dividends or even scrap them altogether. Barclays, Lloyds, Tesco, Sainsbury’s, British Gas owner Centrica and insurer Aviva are just some of the household names to cut their dividends in recent years. ...
Would you do your banking with a tech startup? image
Source : Guardian [Read Article] Wednesday 19th of October 2016 08:53:58 AM
.... Blomfield enthuses about the doors unlocked by access to financial data alone: your bank could compare your heating bill with those of comparable houses, and automatically notify you if it’s found a better deal. With an open-access finance infrastructure, it could even switch for you, just by sending an API call to British Gas. ...
Shelter: More than four in 10 people face homes which fail acceptable standards image
....The government said a priority is doubling the affordable housing budget. Shelter and Ipsos MORI developed the Living Home Standard through a series of workshops and surveys with the public, with support from British Gas. ...
Existing energy customers barred from cheapest deals image
Source : BBC [Read Article] Friday 30th of September 2016 09:57:02 PM
....The four companies, E. ON, EDF, SSE and British Gas said they were simply responding to changes in the market. ...
British Gas and Worcester Bosch leave me in the cold image
Source : Guardian [Read Article] Monday 26th of September 2016 06:00:22 AM
. I had a Worcester Bosch Green Star combi boiler installed by British Gas a year and a half ago, and it has broken down. ...
Executive pay image
Source : BBC [Read Article] Monday 8th of August 2016 03:51:55 PM
....Public indignation over the issue boiled up. In 1994, the then chief executive of privatised British Gas, Cedric Brown, was pilloried as Cedric the Pig. ...
British Gas profits fall as it loses 400,000 customers image
Source : BBC [Read Article] Thursday 28th of July 2016 07:34:05 AM
. Profits at British Gas fell by 7% in the first half of the year as nearly 400,000 customers switched energy suppliers. ...
Energy suppliers' profits 'far too high for what they do' image
Source : Guardian [Read Article] Sunday 24th of July 2016 01:04:07 PM
....50 on a £1,000 gas bill – equivalent to a profit margin of 1. 25% compared with the 7% enjoyed by British Gas’s household supply business last year. ...
British Gas quote for my mum’s chimney repair has me fuming image
Source : Guardian [Read Article] Thursday 21st of July 2016 06:00:01 AM
. My 93-year-old mother’s chimneys were condemned by British Gas when it carried out its annual service, meaning she was unable to use her gas fires. ...
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Major gas store shutdown prolonged image
Source : BBC [Read Article] Friday 15th of July 2016 09:49:09 PM
. Wholesale gas prices have jumped after British Gas owner Centrica said it had been forced to shut a major storage facility for the winter. ...
Household energy costs rise again post-Brexit image
Source : Daily Express [Read Article] Wednesday 13th of July 2016 10:58:00 AM
....Some suppliers still offer tariffs charging as much as £315 a year less than the average variable tariff from one of the “big six” suppliers: E. On British Gas, EDF Energy, Npower, ScottishPower and SSE. ...

British Gas to offer 'free' power on Saturdays or Sundays
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Source : Telegraph [Read Article] Friday 1st of July 2016 07:41:48 AM
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