Profits up 80% at British Gas

savers_united

Well it seems those price hikes last year were not to counter rising wholesale prices but more importantly to line the pockets of those at BG.
Makes their 10% cuts in prices laughable, surely bigger cuts on the way.

Full article

http://www.guardian.co.uk/business/2009/jul/30/british-gas-centrica-profits-rise

Profits rise to £299M

Vestra

Half yearly profit's to £299m, that's not that great though as other suppliers were making in excess of a billion for the year?

_gav_

More chance of p*ssing on the moon than getting the Energy companies to reduce their prices! Great Britain = The Golden Isle !!

savers_united

Centrica as a group profits were £936M, not bad for a half yearly profit.

When wholesale prices are high Centricas upstream offshore business benefit, when wholesale is low BG and its businesses benefit.