- Nov 11, 2009
Thanks for the correction / reminder. Centrica is of course the conglomerate name for the company that extracts gas on a global scale (amongst other things) and British gas is the UK retail arm that sells to consumers and businesses. I am stunned that they still made £72m on retail - unless BGr also has some generation? Now I am guessing...
The Centrica CEO stated this morning that British Gas Energy invested £75m in supporting customers in 2022, which they state is greater than the £8 post tax profit per customer earned by British Gas Energy. Sort of puts the figures in perspective. But I guess the media will be baying for an increase in windfall tax, when since one was introduced recently several companies have stated their intention to reduce investment in our offshore oil and gas fields, particularly those that are marginal. Viz Harbour Energy :