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Old 25-02-2008, 09:49   #10
danielf
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Re: British Gas profits jump to £571m

Quote:
Originally Posted by Nidge View Post
For a massive company like BG thats not a massive profit, why do people slate BG for making money?
It's not the profit per se. It's the fact that profits have increased by around 500% when BG increased their prices by around 20% quoting increased wholesale prices. Unless previous years' profits were deflated (due to writeoffs for instance) the increase in profits suggests that BG have increased their prices far beyond what is reasonable considering the increased wholesale prices.

Incidentally, Powergen have just increased their prices as well. As usual, they only state the new prices, so the customer is unable to see by what percentage they have increased...
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