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British Gas profits up 23%

Centrica said profits at its British Gas Residential arm rose 23% to £345 million in the six months to June 30.

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British Gas makes £1.9 million profit a day

The rise in profits means that British Gas Residential made some £1.9 million of profit a day as consumers struggle to cope after the average dual fuel bill rose to £1,310 a year - more than £200 higher than two years ago.

British Gas profits rise

Richard Hall, head of energy regulation at Consumer Focus, said:

"Wholesale prices rose a little earlier in the year but are now falling and they are still a long way from their peak in 2008.

"We have long questioned whether drops in wholesale costs find their way through to household bills."

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