Published on 20 Feb 2014

British Gas turns up the heat

The man who runs British Gas – the country’s largest energy provider – has hit back against political interference in his business.

Government and opposition have blamed Centrica – the company that owns British Gas – for rising gas and electricity bills.

But the company’s Chief Executive Sam Laidlaw told Channel 4 News such pressure is undermining investor confidence and means vitally needed new power stations may not be built.

Pre News refresh player – this is the default player for the C4 news site – please do not delete. Ziad


4 reader comments

  1. Andrew Dundas says:

    In real terms, the all-energy index price is DOWN in Dollar terms and even more in GBP terms./ Which means that Centrica is set to see falling costs while its consumer prices rise.

    What does this mean?

    It means Sam Laidlaw is bluffing.

  2. Philip Edwards says:

    Faisal,

    Call me old fashioned but I wouldn’t trust Laidlaw to open a packet of crisps. Even by the standards of the energy company spivs the fellow reeks of seediness.

    Actually, people like him are the best argument I know for renationalising what once belonged to us all anyway. All he seeks of course is to keep politics from preventing his ripoffs – but he’s very anxious to put politics into keeping his unearned profits.

    The sooner we are shut of such barrow boys the sooner we might, just might, begin to get some decency in public life.

  3. Ray Turner says:

    Its the fat cat executive salaries and corporate waste that needs to be addressed within Centrica….

  4. Rob Dolman says:

    Renationalise them all and build our own power stations. So it’ll cost money. So what?

    Almost nobody I know has a valid argument for allowing these companies to hold us to random. They are all in favour of taking them back. Investor confidence and pension investments re: shares in these companies are tired old nonsense arguments.

    Once we have them back we can start providing real high quality engineering apprentiships and equip the next generation with the skills to work in a world that is soon to be plagued by energy shortages.

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