Centrica said a "challenging" start to 2019 knocked half-year results as it emerged 1.88 million customers have left since 2015.Read the full story ›
The energy supplier posted a 12% rise in operating profits for 2018.Read the full story ›
Suppliers have blamed price hikes on the rise in wholesale energy costs.Read the full story ›
The company blamed the increase on rising wholesale costs of energy.Read the full story ›
British Gas owner Centrica is set to cut a further 2,100 jobs as part of a cost-cutting process.Read the full story ›
Centrica, the owner of British Gas, says it will scrap standard gas and electricity tariffs for new customers.Read the full story ›
One in three people are concerned about paying energy bills this winter, while half say they are struggling with finances, a poll has found.Read the full story ›
The energy giant's price hike could mean an average dual fuel bill for a typical annual household tariff will rise by £76.Read the full story ›
British Gas owner Centrica has fuelled further controversy after reporting profit rises.
It reported a two per cent rise in UK and Ireland operating profits to £906 million, helping group operating profits jump four per cent to £1.5 billion.
The company is expected to face fresh calls to address tariffs for businesses and domestic consumers.
Centrica's British Gas residential energy supply arm, which only covers UK homes, reported an 11% drop in operating profits to £553 million, compared with £623 million in 2015, but said the reduction was due in part to a customer exodus.
More than 409,000 UK home customers left the business in 2016, marking a 3% fall to 14.25 million.
British Gas announced it was extending a price freeze on its standard energy tariff until August, "despite increases in external costs", but customers are expecting prices to soar later this year, following the Brexit-induced collapse of the pound and rising wholesale energy prices.
The industry has faced increasing pressure to treat loyal customers fairly and has been criticised for being slow to pass on falls in wholesale gas prices, with consumer groups hitting out at the size and timing of cuts.