Centrica boss hits out at Ofgem amid price row

The boss of British Gas parent Centrica has told ITV News the company will make far less profit from energy bills than watchdog Ofgem has suggested.

Chief executive Sam Laidlaw told ITV News the energy firm would make £40 profit per customer per year - some way from the £106 Ofgem says energy companies are set to make.

The company has come under pressure to cut bills after watchdog Ofgem pointed to falling wholesale gas and electricity prices.

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British Gas to make £40 profit per customer, boss says

The boss of British Gas parent Centrica has told ITV News the company will make far less profit from energy bills than watchdog Ofgem has suggested.

Chief executive Sam Laidlaw told ITV News Business Editor Joel Hills the energy firm would make £40 profit per customer per year - some way from the £106 Ofgem says energy companies are set to make.

He added the watchdog's estimates were "not an accurate representation" and do not "help consumer trust".

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