Energy suppliers Centrica unveil British Gas profits - 10/05/2010
Energy suppliers Centrica have announced that predictions for this year's profits remain strong.
Centrica, the parent company of British Gas, said the energy provider earned substantial profits during the first quarter of the year thanks to the cold winter spell, and the positive trend looks set to continue into the year.
The cold spell at the end of 2009 led to a seven per cent increase in gas usage, with electricity consumption also up by two per cent.
British Gas pointed out that its residential business will be "heavily weighted towards the first half" of this year.
In spite of the increase in energy usage, British Gas maintained that it is still committed to providing its customers with cheap energy.
The company said average bills for its 15.9 million customers in the first quarter of this year were lower than the same period last year due to the seven per cent gas price cut the company implemented in February.
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