British Gas profiteering

[russell]

BBC News - British Gas to raise prices by 9.2%

Prices going up 9.2%, The owning company Centrica made over a billion and a half in profits and had a 9% profit increase in 6 months. Cretins!

[DodgyAgent]

BBC News - British Gas to raise prices by 9.2%

Prices going up 9.2%, The owning company Centrica made over a billion and a half in profits and had a 9% profit increase in 6 months. Cretins!

Wasn't most of that on their upstream oil and gas business?. And to put some perspective on it , what percentage is that on turnover? how do our energy prices compare to the rest of Europe?

[d000hg]

Shock horror, giant company makes big profit.

Don't worry though, Milliband will stop them.

BTW, some providers are now offering half-decent fixed price plans running until 2017... if anyone is wanting to get price security.

[scooterscot]

You guys are always increasing your prices, you'll soon be overtaking me. Turning into a national sport this.

Are Ladbrokes taking bets for the next increase, 5/1 on 12% rise on electricity prices on by January 1st?

[d000hg]

You guys are always increasing your prices, you'll soon be overtaking me.

Currently pay £61pcm for energy for a 3-storey house so I don't see that happening any time soon.

[scooterscot]

how do our energy prices compare to the rest of Europe?

An absolute bargain.

Bunch of whining consumers at every double digit % increase.

[russell]

Shock horror, giant company makes big profit.

Don't worry though, Milliband will stop them.

BTW, some providers are now offering half-decent fixed price plans running until 2017... if anyone is wanting to get price security.

I don't have a problem with companies making profits, however when their product is something that is needed to live it becomes an issue.

[DodgyAgent]

I don't have a problem with companies making profits, however when their product is something that is needed to live it becomes an issue.

Like food?

[darmstadt]

Wasn't most of that on their upstream oil and gas business?. And to put some perspective on it , what percentage is that on turnover? how do our energy prices compare to the rest of Europe?

I suspect that UK energy prices are lower than quite a few European countries but they're not really UK companies, the top 6 in order of customers:

British Gas UK
EDF Energy France
E.ON UK Germany
npower Germany
Scottish Power Spain
SSE UK

I presume that these profits flow back to the holding companies in their respective countries...

[d000hg]

Like food?

And booze.