{"id":4095,"date":"2010-02-25T10:35:14","date_gmt":"2010-02-25T08:35:14","guid":{"rendered":"http:\/\/www.nationalturk.com\/en\/?p=4095"},"modified":"2010-02-25T10:35:14","modified_gmt":"2010-02-25T08:35:14","slug":"british-gas-profits-rise","status":"publish","type":"post","link":"https:\/\/www.nationalturk.com\/en\/british-gas-profits-rise\/","title":{"rendered":"British gas profits rise"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.nationalturk.com\/en\/wp-content\/uploads\/2010\/02\/British-gas-profits.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-4096\" title=\"British gas profits rise\" src=\"http:\/\/www.nationalturk.com\/en\/wp-content\/uploads\/2010\/02\/British-gas-profits.jpg\" alt=\"British gas profits rise\" width=\"226\" height=\"170\" \/><\/a>Centrica fuelled anger over energy bills today by revealing its British Gas residential arm made profits of \u00a3595 million last year &#8211; up 58% on 2008.<\/strong><\/p>\n<p>The group said British Gas, the UK&#8217;s biggest energy supplier, achieved the profits haul due to the addition of 141,000 gas and electricity customers and following operational improvements.<\/p>\n<p>The result comes amid mounting concern that utility firms were not quick enough to pass on falls in wholesale gas prices last year.<\/p>\n<p>Centrica revealed a 7% drop in total group underlying operating profits to \u00a31.86 billion as declines in wholesale gas prices saw dwindling returns from its upstream production business.<\/p>\n<p>Industry watchdog Ofgem said this week that energy firms have boosted margins by \u00a330 for each typical dual fuel customer in the last three months as wholesale energy costs fall.<\/p>\n<p>British Gas claimed the average dual fuel customer paid \u00a323 more last year, which offset a 7% decline in gas demand as the recession bore down on households and businesses.<\/p>\n<p>Despite the soaring profits at British Gas, lower wholesale gas prices had a bigger downward effect on production profits than the boost given by the residential business, leaving the wider group&#8217;s earnings down on 2008.<\/p>\n<p>Centrica also warned that wholesale prices are forecast to rise again during 2010, although not to levels seen during the oil price bubble in 2008.<\/p>\n<span style=\"font-weight: bold; color: #f00;\">Error, group does not exist! Check your syntax! (ID: 6)<\/span>\n","protected":false},"excerpt":{"rendered":"<p>Centrica fuelled anger over energy bills today by revealing its British Gas residential arm made profits of \u00a3595 million last year &#8211; up 58% on 2008.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,63,51,17,118],"tags":[4783,5188,5187],"class_list":["post-4095","post","type-post","status-publish","format-standard","hentry","category-breaking-news","category-daily","category-economy","category-europe","category-hot","tag-british-gas","tag-british-gas-residential","tag-british-gas-profits"],"_links":{"self":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/4095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/comments?post=4095"}],"version-history":[{"count":0,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/4095\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/media?parent=4095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/categories?post=4095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/tags?post=4095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}