Energy supplier name change possible - 16/11/2009
Business energy and domestic users alike could find their bills have a different label on them soon as Centrica may change its name to British Energy.
Centrica currently trades as Scottish Gas and British Gas, but now has the option to use the British Energy name since acquiring a 20 per cent stake in the company that was subject to a takeover from EDF last year, reports Scotland on Sunday.
A name change could help reflect Centrica's changing position in the UK energy market, as it has expanded its electricity market share to nearly 25 per cent and has investment interests in renewable as well as nuclear power.
In addition, the company can only use the British Gas brand within the UK, so adopting the British Energy name could help it establish an overseas presence more effectively and convince consumers to switch gas and electricity companies.
EDF sold the 20 per cent British Energy stake to Centrica earlier this year, partly to reduce accumulated debt and it plans to develop a series of new nuclear power stations in the UK in the coming years.
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