Centrica announces British Gas profits dropped six per cent in 2013


Standard energy rates will be capped from January 2019, but switching with us could save you as much as £482* on your annual energy bills.

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jan 2018 and 30 Jun 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £482 or more.

British Gas profits have dropped six per cent to £571m in 2013 according to the latest report from its parent company Centrica: By comparison, last year the profits stood at £606m.

Despite the loss in profits however, Centrica's overall revenue in 2013 rose 11% to £26.6bn, with British Gas also seeing a rise in revenue.

Centrica's new chairman, Rick Haythornthwaite, took the profits announcement as the perfect opportunity to point out political bickering surrounding the energy sector and 'difficult market conditions' were putting not only the energy industry, but the entire country in danger.

Centrica chairman, Rick Haythornthwaite, said: "I think it's immensely damaging not just for Centrica but for the nation.

"I think the reputation of Britain as a place in which to invest is under threat and the time to correct that is now not after the 2015 election, by which time the possibility of the lights going out in Britain will be looming much larger.

"And I don't see this as the figment of a scaremonger's imagination.

"I think right now we've got to restart collaborative, constructive dialogue around these key issues, we cannot afford to wait, hostilities have got to cease."

Aside from political issues over energy prices and bills, British Gas also claimed the milder weather had played a part in the drop in profits.

Centrica's operating profits across all divisions also fell two per cent to £2.695bn.

British Gas is the largest of the UK's 'Big Six' energy suppliers and provides more than 15.2 million customers with gas and electricity.

The firm did however lose 362,000 customers last year,  with the firm's energy bill price hike of 9.2% no doubt playing a part in a number of those lost customers switching to another supplier.

Latest gas and electricity news brought to you by UK Power - the energy price comparison site.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more