British Gas profits. a record Â£720m.

Gary L · 19-02-2011, 08:58

Quote:

British Gas is to announce record annual profits of more than Â£720million on the back of punishing price increases and the coldest winter in 120 years.

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

Quote:

The major gas and electricity suppliers are being investigated by industry regulator, Ofgem, over allegations of profiteering. Ofgem is under pressure to order a full Competition Commission inquiry to establish whether millions of British families are being overcharged for heat and light.

Whatever..

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

DocDutch · 19-02-2011, 09:02

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

19-02-2011, 09:09

Quote:

Originally Posted by DocDutch

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

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 Â£150pm for gas and and half that for the electric

Taf · 19-02-2011, 10:11

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

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

Chrysalis · 20-02-2011, 22:15

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.

STONEISLAND · 21-02-2011, 07:57

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.

Gary L · 21-02-2011, 08:03

Petrol costing you too much?

**Maggy** · 21-02-2011, 08:06

Quote:

Originally Posted by STONEISLAND

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 donâ€™t like them leave them simples. IMO banks and petrol that makes more profits is far more unjust.

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.

Gary L · 21-02-2011, 08:13

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 ----------

Quote:

Originally Posted by Maggy J

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.

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.

**Maggy** · 21-02-2011, 08:26

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

chris9991 · 21-02-2011, 08:38

Just imagine, once upon a time we owned it

Peter_ · 21-02-2011, 08:39

Quote:

Originally Posted by chris9991

Just imagine, once upon a time we owned it

Tell Sid!

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

Gary L · 21-02-2011, 08:42

Quote:

Originally Posted by Masque

Tell Sid!

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

dazzer89 · 22-02-2011, 06:37

Quote:

Originally Posted by Gary L

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

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 Â£140 and lasts him 3-4 months if used correctly. My bill for the last quarter with BG was over Â£320. That means he's saved Â£160 over me.

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

Quote:

Originally Posted by chris9991

Just imagine, once upon a time we owned it

Until the Tories got their hands on it.

Gary L · 22-02-2011, 08:36

Quote:

Originally Posted by heero_yuy

Anyway think yourselves lucky: My mother lives in an area with no mains gas, she's just had a delivery of 1000L of oil (kerosine) that powers her Rayburn/Aga cost over Â£500 and will only last 3-4 months! And she still has to pay for lecky as well.

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