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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]
The Argentinian government in 2004 set up a new state oil company ... Highway 407 (1999) – leased to private operators; ... British Gas: 97: 5,434 Feb 1987: British ...
In the beginning of the 1900s, the gas market in the United Kingdom was mainly run by county councils and small private firms. At this time the use of a flammable gas (often known as "town gas") piped to houses as a fuel was still being marketed to consumers, by such means as the National Gas Congress and Exhibition in 1913.
The Gas Act 1986 (c. 44) created the framework for privatisation of the gas supply industry in Great Britain. [1] The legislation replaced the British Gas Corporation (government or state ownership) with British Gas plc (private ownership). The Act also established a licensing regime, a Gas Consumers’ Council, and a regulator for the industry ...
2021 In November 2020, the British government announced that AWE plc, operator of the Atomic Weapons Establishment, would become wholly owned by the Ministry of Defence from June 2021. [97] [98] 2021 Probation services in England and Wales for low- and medium-risk offenders brought back under public control after being privatised in 2014. [99 ...
A natural gas glut in the US has sent prices for the commodity tumbling to multi-decade lows, down 43% over the past year.At West Texas's key trading spot, the Waha Hub, prices have been negative ...
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.
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.