Gas profits 'staggering'
BRITISH Gas parent Centrica has come under public and political fire after it revealed it made nearly £50 per household last year just months after hiking customer bills.
A £606 million profit haul at British Gas residential was slammed as "staggering" amid calls for the firm to use some of the cash towards reducing energy bills for its 8.4 million customers.
The 11% rise in profits came after last year's colder-than-normal weather saw gas use leap 12%, with British Gas making £49 on each average annual dual fuel bill of £1,188.
Its results have raised questions once more over the fairness of energy bill increases after British Gas raised tariffs by 6% at the end of last year.
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Centrica also confirmed today that British Gas boss Phil Bentley is quitting at the end of June – and will leave with a combined share, salary and pension package worth around £10 million.
Trade union Unite said the energy regulator should be given more power to ensure utility providers "behave fairly". Len McCluskey, general secretary, said: "British Gas' owner Centrica is making £50 per household in this country – that is staggering. These profits will anger a growing number of families."
Comments
by timplymouth
Thursday, February 28 2013, 9:31AM
“5% profit on revenue isn't great, it's about average. If you want companies to invest in meeting our energy needs they've got to turn a modest profit.”