Crown Capital Management blog

Crown Capital Management blog

Community

1 Supporter

  • British Gas profits up 3.2%

    Community, Environmental Design

    Source

    Centrica should 'exercise restraint' with tariffs

    British Gas owner Centrica should "exercise restraint" with tarriffs after profits from its residential energy arm rose by 3.2% to £356 million, an energy minister said.

    The supplier cashed in on the freeze in the first half of the year after raising tariffs by 6% in December.

    Michael Fallon said: "What matters is not just the profits, it's the prices that we all have to pay and there was a big price increase just before last winter, over 6%, so I would hope that Centrica would now exercise restraint and that we are not going to see similar price jumps."

Crown Capital Management

Join This Group

Crown Capital Management blog

Contact Crown Capital Management blog

Moderator: francis jawk