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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.
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.
Deutsche Post – the state owns 16.45% through the KfW. [13] Deutsche Telekom – the state still owns 27.8%, partly direct and partly through the KfW. [14] Deutsche Postbank – in 2004 the state floated a minority stake for €2.5 billion; Deutsche Bundesbahn became Deutsche Bahn in 1994, although it is 100% state owned. UFA underwent ...
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]
The gas used in the 19th and early 20th centuries was coal gas but in the period 1967–77 coal gas supplies were replaced by natural gas, first discovered in the UK North Sea in 1965. Nationalisation
In 1949, under the Gas Act 1948 the ownership of the company transferred to a government agency, North Thames Gas Board. [6] The various area gas boards were merged into the national British Gas Corporation in 1973. The Gas Act 1986 sold the company to private investors as British Gas plc. [7]
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.
Mrs Foster was required to retire from her job at British Gas when she was 60 years old, while men could continue until they were 65. British Gas was a nationalised industry at the time (before being privatised under the Gas Act 1986), and she and four other women claimed this was unlawful discrimination on grounds of sex, contrary to the Equal Treatment Directive (then 76/207/EEC, and now ...