British Gas profits. a record £720m.
 

And I've noticed how much more I'm having to pay to meet that figure.

Whatever..

http://www.dailymail.co.uk/news/arti...#ixzz1EOg8UYlh

Re: British Gas profits. a record £720m.
 

old news Gary......but yeah I feel abused by BG for my gas bill of £100 p/m at least my leccy is only 37 p/m

Re: British Gas profits. a record £720m.
 

Yep i feel your pain ,gas is hideously over priced .I am on payg meters for both gas and electric through choice in an effort to control the cost as paying quarterly was fast becomming impossible and i have noticed that the difference between gas and electric is quite substantial ,easily £150pm for gas and and half that for the electric

Re: British Gas profits. a record £720m.
 

SWALEC increased my gas Direct Debit from £30 to £60 (without informing me) despite me presently being £20 in credit!

I guess that means they are planning big price hikes in the next few weeks or so.

Re: British Gas profits. a record £720m.
 

both are overpriced. officially we have had circa 2% inflation a year or there abouts.

now compare cost of electric to 10 years ago and its far far away from 2% annual inflation.

Re: British Gas profits. a record £720m.
 

Not sure what all the fuss is. There a British Company who has also made paid huge taxs which is great for our economy.

If you don’t like them leave them simples. IMO banks and petrol that makes more profits is far more unjust.

Re: British Gas profits. a record £720m.
 

Petrol costing you too much?

Re: British Gas profits. a record £720m.
 

They also hike the price of gas saying it's costing more to buy as prices have gone up.Then when the gas prices reduce and they are buying at the lower prices, the price of gas DOES NOT REDUCE to the customer.

That's the bit that really upsets everyone..and all the suppliers seem to do this.

Re: British Gas profits. a record £720m.
 

and anyway. all this thing about companies paying huge taxs which is great for our economy. we could have billions more coming in every year. but does it bring prices down all across the board? does the public have more money in their pocket because the government says we don't need your money because we have billions?

no. they'll probably spend it on something silly and give a lot of it away. so back on the hamster wheel we go.

---------- Post added at 09:13 ---------- Previous post was at 09:09 ----------

I can't think of anything where the price goes down. they never do and never will.
was watching the news about decimilisation.

with decimals you gan go up in increments of a penny.

penny today, and a tuppeny next week.

I'm still debating whether to knock Mr Singh out for putting 5 pennies on a pkt of Rizlas in one day.

Re: British Gas profits. a record £720m.
 

It's a sharp practice in anyone's opinion and whomever is doing it it's annoying.

Re: British Gas profits. a record £720m.
 

Just imagine, once upon a time we owned it

Re: British Gas profits. a record £720m.
 

Tell Sid! :D

http://www.youtube.com/watch?v=nedVpG-GjkE

Re: British Gas profits. a record £720m.
 

Do you get any work done, or you on tea break again? :D

Re: British Gas profits. a record £720m.
 

BG made heir profits from imported gas from Russia and Norway because there isn't enough gas left around the shores of the UK due to the gas fired power stations using it on a grand scale.

My neighbour is on coal for his heating, a tonne of coal costs him £140 and lasts him 3-4 months if used correctly. My bill for the last quarter with BG was over £320. That means he's saved £160 over me.

---------- Post added at 07:37 ---------- Previous post was at 07:36 ----------

Until the Tories got their hands on it.:rolleyes:

Re: British Gas profits. a record £720m.
 

My brother uses that stuff because of no gas. but then he chose to buy and live in the house where there's no gas :)

Re: British Gas profits. a record £720m.
 

I wonder how it compares with utilities in the rest of Europe. Are they state owned and inefficient?

I guess they have better gas storage


Is it true that an Aga has to always be on?

Re: British Gas profits. a record £720m.
 

Germany is deregulated, don't know about the rest..

Re: British Gas profits. a record £720m.
 

Here is a hisotry of the German market

http://www.verivox.net/German_Market_History.pdf

I think it is a few years old but I quite like the chart on page 4 which compares the whole of Europe in 2007. Would be great to see the situation today, which I think could be got from www.energy.eu but I'm not paying their prices to find out

Re: British Gas profits. a record £720m.
 

Why put down a successful British Company? Better British Gas made the profit then a German or French supplier. ;)
In difficult economic times, Britain needs successful companies like British Gas. They are using profits tokeep the nation’s lights on in the future with clean power stations and wind farms. Continue providing secure jobs, British Gas has over 30,000 UK employees and growing. They help reduce the national deficit with the £400 million (how many nurses’ doctors and schools etc) they will contribute in tax in Britain this year alone.

Give back to there customers with free insulation, energy efficiency advice and for there essentials customers they have frozen prices over winter and given £50 cashback and now they do Nectar.

It’s important for us all to understand that only a third of there earnings come from energy sales to households – around £4 per household per month. There profits are much lower than in businesses such as BT, Vodafone or the water companies and for the second half of 2010 were the lowest they have been for a number of years.
You tell me what company makes that much per customer per month?

Re: British Gas profits. a record £720m.
 

Actually I'm ticked off with all fuel providers because they always put their prices up when oil or gas are at a higher rate at source but when prices reduce at source, somehow that NEVER gets passed back down the pipeline to customers.

I'm not interested in nectar points,energy efficiency advice and free insulation is probably offered to OAPs..What I want is FAIR treatment.

Do you work for BG by any chance?

Re: British Gas profits. a record £720m.
 

No :rolleyes: just like a good British success story.

Do you like good service? British Gas has the highest satisfied customers of all the big 4 this does come at a cost.

Re: British Gas profits. a record £720m.
 

Just moved from them because of their high prices..

Re: British Gas profits. a record £720m.
 

Bear in mind this is selling an essential to people, you would have to be very poor at your job to not be able to make a profit selling gas/electric.

I hold more respect to companies who make money selling luxury items.

Re: British Gas profits. a record £720m.
 

Re: British Gas profits. a record £720m.
 

What luxury items do barclays sell?

Re: British Gas profits. a record £720m.
 

Loans :rolleyes:

Ok so luxury items hmmmmm so your much happier at the profits Austin Martian makes?

Re: British Gas profits. a record £720m.
 

Don't worry we went 'British'.

And you never answered my question.Do you work for British Gas?

Re: British Gas profits. a record £720m.
 

Loans are an opinion, I dont think its responsible to get a loan to fund luxury purchases, if I want something I havent got cash for then I save up and go without until then.

Loans for business's, to fund essentials like a new boiler is non luxury uses.

I will expand a bit more.

I have more respect for a business when the following dont apply.

1 - can make money without a monopoly
2 - can make money without direct or indirect state aid.
3 - can make money on non essential goods/services.
4 - doesnt make excessive profits and offshore its workforce.

Re: British Gas profits. a record £720m.
 

As I said above no just like a British success story

---------- Post added at 12:46 ---------- Previous post was at 11:36 ----------

Couple of great comments from BBC site

http://www.bbc.co.uk/news/business-12563988

Not just me! :)

Re: British Gas profits. a record £720m.
 

You think I really care? I'm not a shareholder.Their profits do me no good and at the end of the day BG is owned by an American company.Why should I trumpet their profits around.:rolleyes:

BG customers still have to pay more and more for their energy irrespective of how much profit the company makes.Possibly the only benefit is for BG workers and possibly there will be MORE jobs available for some of those losing their jobs at present..Maybe some of the 18-25 year old group might get a chance of a job at last.

Re: British Gas profits. a record £720m.
 

Which Amercian company owns BG?

Re: British Gas profits. a record £720m.
 

Very good question. :rolleyes:

British Gas the clue is in the name. ;)

Re: British Gas profits. a record £720m.
 

First paragraph of the last BBC link.

My Mistake they aren't American..but they are a multiglobal company..and they will therefore only pay taxes on profit made in this country..

Re: British Gas profits. a record £720m.
 

Don't the shareholders own British Gas?

And who knows where they might be from

Re: British Gas profits. a record £720m.
 

No Centrica.

Re: British Gas profits. a record £720m.
 

Centrica is the parent company of British Gas.

Re: British Gas profits. a record £720m.
 

Moved away from them at the start of the rot they are in. Will never return to them. As far as crap service with high cost goes you cannot beat BG and Npower. Npower are nasty towards anyone who does not pay on time even if its your first time and only by 3 days. I missed 1 payment due to moving banks and they sent a red letter from the inhouse collections agency saying they wanted to put me on a card meter. I phoned up and they took the payment from a debit card and refused to say sorry. I moved my gas and electricity the next day.

---------- Post added at 17:48 ---------- Previous post was at 17:47 ----------

So its a british company, It can still be crap ;)

Re: British Gas profits. a record £720m.
 

So, British Gas is as British as Cadbury?

Re: British Gas profits. a record £720m.
 

Not really as Cadbury is owned by Kraft foods which is an American company.

Re: British Gas profits. a record £720m.
 

Isn't Kraft a listed company so it is owned by its shareholders and hence its nationality dependent on that of its shareholders?

Re: British Gas profits. a record £720m.
 

Its Headquarters are in Northbrook Illinois and it is listed on the New York Stock Exchange but it is still an American company.

Re: British Gas profits. a record £720m.
 

Ok - I 'm just going to have to disagree with you, we could carry on but there are more important things

Re: British Gas profits. a record £720m.
 

Here read this?

http://en.wikipedia.org/wiki/British_Gas_plc

Re: British Gas profits. a record £720m.
 

A good many companies are multi global particularly oil and fuel companies and pharmaceuticals.They may be owned in one country but have business in other countries.

Re: British Gas profits. a record £720m.
 

Just had our annual gas statement from British Gas. It estimates a total forecast of £534.53 for the next 12 month. That's lower than the 2009 - 2010 statement. Mind you, we did have a new combi boiler fitted about 9 months ago, so that would've made a difference.

BTW were on the "Essentials" teriff.