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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 electricity supplier in the country until 2024 when it was overtaken by Octopus Energy. [6] It remains the largest gas supplier.
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
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.
The oil and gas industry in the United Kingdom produced 1.42 million BOE per day [4] in 2014, of which 59% [4] was oil/liquids. In 2013 the UK consumed 1.508 million barrels per day (bpd) of oil and 2.735 trillion cubic feet (tcf) of gas, [5] so is now an importer of hydrocarbons having been a significant exporter in the 1980s and 1990s.
The Electricity and Gas Act 1963 (repealed 1989) — Increased the borrowing powers of the Electricity Council, electricity boards, the Gas Council and area gas boards. [14] 1965 Introduction of the first phase of the 400 kV Supergrid from West Burton power stations, Nottinghamshire to Sundon in Bedfordshire. The line was 150 miles long and had ...
These boards simply became known as the "gas board", a term people still use when referring to British Gas, the company that replaced the boards when the Gas Act 1972 was passed. The area boards became regions of the British Gas Corporation.
The Big Six were the United Kingdom's largest retail suppliers of gas and electricity, who dominated the market following liberalisation in the late 1990s. By 2002, six companies – British Gas, EDF Energy, E.ON, RWE npower, Scottish Power and SSE – had emerged from the 15 former incumbent monopoly suppliers (the 14 regional public electricity suppliers and British Gas).
The Gas Council was a UK government body that provided strategic oversight of the gas industry in England, Wales and Scotland between 1949 and 1972. The British gas industry was nationalised under the provisions of the Gas Act 1948 (11 & 12 Geo. 6. c. 67) which established the Gas Council with effect from 1 May 1949.