The forecast predicts the price cap to decrease to £1,925, yet wholesale gas costs are expected to remain higher than pre-crisis levels.
Security systems of homeowners become ineffective following British Gas’ disconnection.
Hive gadgets cease to function as smart home products are discontinued.
British Gas achieves unprecedented earnings following a £500m increase due to competitors’ bankruptcy.
Centrica PLC (LSE: CNA), the parent company of British Gas, has reported significant profits for the first half of the year, which has spurred an increase in investment, a raised
The IEA warns that households should brace themselves for a further increase in energy bills.
The International Energy Agency’s head, Fatih Birol, has urged families to prepare for a potential increase in energy bills this winter.
British Gas suggests that consumers should prepare for an extended period of elevated energy costs.
Centrica’s Chief Executive, Chris O’Shea, has warned that energy bills are projected to remain high in the foreseeable future, placing added pressure on households that are already financially burdened.
Energy suppliers have been instructed to ensure that body cameras are worn during visits to prepayment meters.
To safeguard vulnerable customers, the energy regulator has mandated that energy retailers wear body cameras during prepayment meter visits, as part of new measures.
Despite facing criticism, the CEO of British Gas has been awarded a bonus of £3.7 million.
Centrica, the owner of British Gas, has announced that its CEO, Chris O’Shea, will receive bonuses totalling £3.7 million after the company achieved record profits in 2022.
MPs are set to question the executives of British Gas and Ofgem regarding the pre-payment scandal.
Next week, the executives of Centrica and Ofgem will be summoned to appear before MPs. This comes after British Gas was discovered to have been compelling vulnerable customers to use
British Gas owner Centrica made record profits last year as energy bills soar
In 2022, Centrica’s adjusted earnings per share rose significantly, increasing eight times to 34.9p from 4.1p in the previous year.
More gas and electricity suppliers could go bust because households are unable to pay their bills
The industry body warned that more electricity and gas suppliers may go bankrupt because of the rising number of households who are unable to pay their bills.
UK energy suppliers will end prepayment meter installation at vulnerable homes
After damaging reports about how prepayment meters were installed in the homes of vulnerable customers, all UK energy suppliers have pledged that they will stop installing them.