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Electricity produced with gas was 160 TWh in 2004 and 177 TWh in 2008. In both years the United Kingdom was the fourth highest producer of electricity from gas. In 2005 the UK produced 3.2% of the world total natural gas; ranking fifth after Russia (21.8%), United States (18%), Canada (6.5%) and Algeria (3.2%). In 2009 the UK’s own gas ...
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 the third quarter of 2019, renewables contributed towards 38.9% of the UK's electricity generation, producing 28.8 TWh of electricity. [41] In June 2017, renewables plus nuclear generated more UK power than gas and coal together for the first time and new offshore wind power became cheaper than new nuclear power for the first time. [42]
Centrica reported underlying earnings halving to £1.04 billion for the first half of 2024 from £2.08 billion a year ago.
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).
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The power firm said it is encouraging customers to take up pension credit, which could make them eligible for Government winter fuel payments.
In 1998, Centrica's supplier monopoly for gas came to an end. Centrica maintained the British Gas retail brand but is only allowed to use this brand name in the United Kingdom. The electricity market also opened up to competition and, through the British Gas brand, the company started supplying its first domestic electricity customers. [15]
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