British Gas criticised over 23% profit rise - 27/07/2012
Energy supplier British Gas has been criticised after its latest company figures revealed the firm's profits rose by 23 per cent in the first half of 2012.
The company announced profits of £345 million in the first six months of the year, with an extra £64 million made from its residential customers compared with the final half of 2011.
Poor weather and low temperatures are thought to have contributed to the increase, as people were forced to keep their heating on during the spring and early summer months.
In addition, price hikes mean householders are spending more on their bills than ever before, with average fuel costs having risen from £530 a year in 2003 to £1,260 a year in 2012.
Consumer bodies have called for British Gas to make price cuts ahead of winter to show loyal customers their business is valued during times of economic pressure.
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