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The British gas industry was privatised in 1986 under the provisions of the Gas Act 1986. [10] The Act abolished the British Gas Corporation and established British Gas plc. The 1986 Act also established a licensing regime, a Gas Consumers’ Council, and a regulator for the industry called the Office of Gas Supply (OFGAS). [10]
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.
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.
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.
The Hellenic state continues to retains 21% of the shares. Olympic Airways – at first, then Olympic Airlines; the Hellenic State attempted to privatise the ailing airlines five times, more or less, from 2004 onwards. The company was folded and re-created in 2009, and privatized in 2012, under the supervision of the EU and IMF, as it was part ...
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This category includes articles on industries and companies that were nationalised by the government of the United Kingdom (but which were later re-privatised) and the legislation that brought them into state ownership.
In 1990, the assets of the board passed to Eastern Electricity plc, one of the regional electricity companies formed by the Electricity Act 1989.The company was privatised later in the year in a stock market flotation, one of many UK Government public share offers that saw formerly state-owned utilities sold off, including British Telecom, British Gas, and the UK's regional water companies.