British Gas profits on the rise
Updated on 12 November 2009
British Gas parent Centrica has said its residential utility arm is on track to see profits soar by an expected 43% this year, despite a 7% fall in energy consumption.
The group confirmed it is performing in line with market forecasts, which include operating profits of £1.86 billion for Centrica and £541 million for British Gas, up from £379 million the previous year.
British Gas has cut customer bills by 10% this year as wholesale costs have plunged, but there have been concerns that suppliers have not been passing on all the falls in wholesale costs to consumers.
These news feeds are provided by an independent third party and Channel 4 is not responsible or liable to you for the same.
