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The UK’s gas stores have fallen “concerningly low” after freezing temperatures across Britain significantly boosted demand, the owner of British Gas has warned.. Centrica said the UK “has ...
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.
The power firm said it is encouraging customers to take up pension credit, which could make them eligible for Government winter fuel payments.
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 primary cause of the price rises has been a surge in the wholesale price of natural gas worldwide. [1] Domestic supply only covers about 40% of the United Kingdom's needs, [1] while the rest is imported from neighbouring countries, such as Norway and the Netherlands, and further afield in Qatar and the United States, and Russia supplies around 5% of the UK market.
The 2021 British Gas strike was a labour strike by British Gas workers in the United Kingdom. The workers, represented by the GMB union, opposed British Gas' "fire and rehire" plans, where the company planned mass layoffs of employees, with the goal of ultimately rehiring them on less favourable contracts without having to negotiate over terms.
Warnings about the UK's gas supply make the lead for several of Saturday's front pages. The Daily Telegraph reports that British Gas owner Centrica says gas reserves are "concerningly" only half ...
Centrica said it made operating profits of £72m at its British Gas retail division, British Gas Energy, but this was down 39 per cent on the year before British Gas owner Centrica sees record ...