Profits triple at British Gas parent company £3.3Billion
 

[Centrica, the company that
owns British Gas,
has reported record profits for
the 2022 financial year.
Operating profits of £3.3bn were recorded
at the company, up from £948m in 2021,
and surpassing the previous highest
ever yearly profit of £2.7bn, posted in 2012.

Profit at the oil and gas producer has been
helped by high energy prices. Wholesale gas costs
had risen to new highs in the wake
of the war in Ukraine as supplies
were limited due to Russia's war
in Ukraine and the subsequent sanctions
imposed on the country for its invasion.

As political pressure rose to tackle
all time high profits Centrica became
subject to the 45% windfall tax
on electricity generators.

British Gas came under
intense criticism after an investigation
revealed debt collectors working
on behalf of the company forced
their way into homes of
vulnerable customers,
including people with disabilities.]


https://news.sky.com/story/profits-t...mpany-12812171

Disgusting

Yes they were breaking into homes
to fit New Meters, you must pre-pay for.



That Sub Company
now fired.


Of Course, the Russian Invasion of
Ukraine
helped their profits
not like they could stop that War

If their profits have tripled why are we paying so much for gas

Not unexpected , i think everyone in this country hates all the utility companies with a vengeance ~ ripping all of us off.

The problems are much deeper than the energy companies making profits. It shows they have had price fixing schemes that have been ripping off the british public for decades. It's just been highlighted now by the massive change in the energy market. That's what we should be complaining about

Certain members of the tory party have interests in these types of companies of course they won't do anything to harm profiles

The Price they collect it is done in Advance
so it is due to get lower.

I read the other day that by the end of summer they are expecting the Energy prices to consumers to fall to the lower 2k area

Yes but their profits shouldn’t be tripling if the companies are paying more for gas ......they should be lower surely :think: