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November wholesale gas prices drop to their lowest in 4 years

November wholesale gas prices drop to their lowest in 4 years

The UK wholesale price in November for gas has dropped to the lowest since 2010. Gas for November this year traded at 51.60 pence per therm (p/th), according to analysts at ICIS, 10 pence cheaper than November 2011, and lower ...

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Reshuffle at British Gas with Ian Peters named as temporary boss

Reshuffle at British Gas with Ian Peters named as temporary boss

British Gas have named current residential arm boss Ian Peters as the temporary Managing Director from December this year, when Chris Weston steps down. “Ian Peters will hold the managing director post on an “interim basis while a permanent replacement ...

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Profits take a huge drop for Centrica

Profits take a huge drop for Centrica

Centrica’s profits have reportedly taken a huge drop of 35% in the first 6 months of this year, dropping to  £1,032 million “reflecting a challenging market environment, mild weather in the UK and the Polar Vortex in North America”. A milder ...

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Centrica profit down in 2013 on weak performance from British Gas

Centrica profit down in 2013 on weak performance from British Gas

Profits slumped last year for Centrica, due to a weaker performance from it’s businesses British Gas and Direct Energy. Group operating profit dropped by 2% to £2.695bn ($4.48bn, €3.27bn) for the year, after exceptional charges of £667m it was a 29% ...

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Centrica to take over Bord Gais Energy

Centrica to take over Bord Gais Energy

    Centrica is set to take over irish state-owned energy firm Bord Gais Energy as part of a €1.12 billion deal. The company was named the preferred bidder on Thursday as part of a consortium of UK and Canadian ...

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British Gas could offer free power Saturdays

British Gas could offer free power Saturdays

It has emerged that British Gas could offer free power to their customers from early next year, since parent company Centrica released it’s half year financial results yesterday. The tariff is intended to cut peak demand during the week, by ...

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