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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.
Gas del Estado (1992) – national gas company partitioned and sold, among others, to the Spanish Gas Natural company Naturgy. Obras Sanitarias de la Nación (water company, 1992–93) - given under concession to the French conglomerate Suez , which operated it under the name Aguas Argentinas; re-nationalized in 2006 as Aguas y Saneamientos ...
Nationalised companies (controlled by HM Government and reporting to the Ministry of Power) Industry: Utilities (energy: gas) Predecessor: 1812 (as the Gas Light and Coke Company and various others) Founded: 1 May 1949 (by the Gas Act 1948) Defunct: 31 December 1972: Fate: Reorganisation under the Gas Act 1972: Successor: British Gas ...
Privatization may mean the government sells state-owned businesses to private interests, but it may also be discussed in the context of the privatization of services or government functions, where private entities are tasked with the implementation of government programs or the performance of government services.
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]
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Oil and Pipelines Act 1985 (c. 62) abolishes the British National Oil Corporation, establishes the Oil and Pipelines Agency: 1985 UK oil exports peaked 1986 Advance Petroleum Revenue Tax Act 1986 (c. 68), repayment of advance petroleum revenue tax 1986 Gas Act 1986 (c. 44), privatised the gas industry, established British Gas and Ofgas as regulator
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.