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It is the trading name of British Gas Services Limited and British Gas New Heating Limited, both subsidiaries of Centrica. [5] Serving around ten million homes in the United Kingdom, British Gas was the largest energy supplier in the country until 2024 when it was overtaken by Octopus Energy. [6] It remains the largest gas supplier.
The supplier saw underlying earnings in its household and business supply arm, British Gas Energy, slump to £159 million in the six months to June 30 from £969 million a year ago.
Bank of New Zealand – semi-privatized in 1987; rescued by the Crown in 1990; sold off in 1992; Electricity Corporation of New Zealand (ECNZ) – part of which became privatized as Contact Energy in the period 1995–1998; Government Print; Ministry of Works and Development; Natural Gas Corporation (NGC), ultimately absorbed into Vector Limited
The tax was calculated by means of a nine times P/E ratio, whereby the average post-tax profit in the four years after privatization was multiplied by nine to give the value for the purposes of the tax. The difference between this value and the total market capitalisation based on the company's flotation price was subject to a 23% "windfall tax".
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The power firm said it is encouraging customers to take up pension credit, which could make them eligible for Government winter fuel payments.
GB Gas Holdings Limited, founded 1996, which holds British Gas (also known as Scottish Gas). [11] [12] [13] Centrica Hive Ltd, founded in 2007. [14] In 1998, Centrica's supplier monopoly for gas came to an end. Centrica maintained the British Gas retail brand but is only allowed to use this brand name in the United Kingdom.
BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. [3] [4] On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and shareholder agreement.