British Gas business energy supply profits wiped out

British Gas in shock rates hike with MILLIONS to be hit by huge bills

British Gas has announced a 12.5 per cent increase to its electricity prices from next month, laying much of the blame on rising policy costs including subsidies for renewables, social levies, and the smart meter rollout.

The energy giant's price hike could mean an average dual fuel bill for a typical annual household tariff will rise by £76 to £1,120 - with those receiving a warm home discount promised a £76 credit to offset the tariff increase.

Government sources reiterated Theresa May's threat to hit the industry with price capping if charges kept on being hiked.

"We need to open up the market to more competition to drive down prices and take action to help lower income families".

Iain Conn, chief executive of Centrica, which owns British Gas, claimed the move was due to the the "16% rise in the cost of energy and delivery to customers".

Dublin is a ideal home for the European Medicines Agency says Minister
The victor will be selected using a complicated points system that officials have compared to the Eurovision song contest. While they are allowed to vote for themselves they are also expected to take the commission's assessments into account.

If you don't know your energy consumption details then don't worry, the comparison sites will allow you to answer a few questions about your lifestyle to provide you with a personal estimate.

British Gas had been the only one of the so-called "big six" not to raise energy prices so far this year, after increases from SSE, Eon, Npower, Scottishpower and EDF.

Details of the increase comes as Centrica revealed its earnings plunged by more than a quarter after it lost 377,000 United Kingdom customer accounts in the first half.

Comparing costs with May 2016 may not be the most helpful figure - British Gas has announced price freezes twice during that period.

A spokesman for the Department for Business, Energy and Industrial Strategy said: "We're concerned this price rise will hit many people already on poor-value tariffs".

Manchester City vs. Real Madrid
The Premier League club confirmed on Monday that Mendy has joined on a five-year deal for a reported fee of £52million. Speaking to the club's website , Mendy admitted: "I am absolutely delighted to be joining Manchester City ".

We have announced today that because we are anxious about vulnerable customers this winter that an additional 200,000 customers who get a wrap home discount will be protected from the price rise.

British Gas is the last of the Big Six providers to increase prices after it promised in December a year ago to freeze tariffs until August.

But Labour's shadow energy minister Alan Whitehead said the "whopping price increase" was unjustified - and accused the Conservatives of breaking a manifesto pledge to impose a cap.

The owner of British gas, Centrica, has admitted that more than three million utilities customers will be affected by this energy price hike.

British Gas's standard variable tariff for electricity is now the cheapest of all Big Six offers - however, according to consumer website Uswitch, it is still £286 more expensive compared to the rest of the market. "We want to see rapid progress on this commitment".

Six Cong MPs suspended from Lok Sabha for 'unruly behavior'
The six MP who have been suspended are Gaurav Gogoi , Adhir Ranjan Chowdhury, Ranjit Ranjan, Sushmita Dev, MK Raghav and K Suresh. The Opposition stood up in protest and threw paper all over and shouted slogans saying "Gunda Raj nahi chalega" in the House.

Related:

Comments

Latest news

Solar Eclipse is August 21
The killer feature on their eclipse page is the chart showing eclipse times for various cities in the path of totality . However, in reality the moon is much smaller than the sun , 400 times smaller and the sun is 400 times further away.

Apple slammed for 'troubling' cull of VPN services in China
Xiaomi and Huawei, two of China's biggest domestic manufacturers, accounted for more than 29 percent of the market previous year . One of the VPN manufacturers who's complained about their apps being expunged from the app store is Golden Frog.

Schooling clinches joint-bronze in 100m fly at Worlds
South African Chad Le Clos is the defending champion in the event and is coming off a win in the 200m fly on Wednesday (26 July). The US team did all the race in the lead, winning the fourth gold of the day out of the six finals contested at the Duna Arena.

Shahid Khan Abbasi Selected as Interim Prime Minister of Pakistan
PML-N, which enjoys majority in National Assembly, has nominated ex-oil minister Shahid Khaqan Abbasi as interim prime minister. Sharif has moved out of the sprawling Prime Minister House's in the heart of Islamabad and into the nearby Punjab House.

Congress Emerges From Another Health Care Failure Without A Clear Path Forward
Republicans John McCain , Lisa Murkowski and Susan Collins joined the Democrats in voting down the measure, 49-51. Trump's recent discovery about health care, it turns out that leadership is incredibly complicated.

Standalone HTC Vive VR Headset Launched In China
Recently there was news about Oculus partnering with Xiaomi to come up with an all-in-one headset for the Chinese market. Owners of the Oculus Rift or HTC Vive can now sample the rather cool Virt-A-Mate demo from lone developer Meshed VR .

Are You Planning To Travel To See The 'Eclipse Across America'?
NASA will send up cards, or coupons, with dried bacteria on them to see how the bacteria reacts during eclipse conditions. And you may want to get prepared now because a total solar eclipse doesn't happen very often.

David Price stratched from Red Sox start tonight, headed for disabled list
Price did not make his 2017 debut until May 29 due to elbow inflammation and stiffness that began early in Spring Training. Price was scheduled to be Boston's starter Friday night when the Red Sox open a series at Fenway Park against Kansas City.

Sen. Cory Gardner's bad votes on Obamacare repeal and replace
He walked onto the Senate floor to a standing ovation, offering a critically needed vote to help Republicans break the deadlock. Their "no" votes signaled that the so-called "clean repeal" bill did not have the support from key Republican senators.

Israel removes security measures outside Al Aqsa mosque
On Tuesday, Erdogan had accused Israel of using security measures as a pretext to take over holy sites in Jerusalem from Muslims. His latest comments come amid a major fallout between Israeli authorities and Palestinians over al-Aqsa Mosque.

Amazon Prime Now enters Singapore
Amazon first launched Prime Now in New York City in December 2014 and has since expanded it all over the US, London and China. Amazon launched its Prime Now service in NY in December 2014 and has since expanded to 50 cities worldwide.

State Dept.: Tillerson's Sudden 'Time Off' Not Sign He Intends to Quit
Tillerson returned to his home in Texas for a couple of days but was back in the office by Wednesday. "He recognises that. Secretary of Defense James Mattis is also out this week - according to the Pentagon , he is away on "personal travel".

Manafort Meets With Senate Intel While Under A Separate Senate Subpoena
Manafort's legal team had offered to provide a transcript of Tuesday's interview with the Senate Judiciary Committee. Investigators are also probing whether Manafort engaged in money laundering, according to The Wall Street Journal .

US Navy fires warning shots at Iranian ship in Gulf — BBCI
It wasn't until the warning shots were fired that the Iranian craft halted its approach, the Navy said. The incident is the latest in a series of close encounters between ships from the U.S. and Iran.

Xbox One X pre-order coming soon? 24.07.17
Microsoft might not be accepting Xbox One X pre-orders, but multiple retailers have put up One X listing pages on their websites. According to previous Microsoft announcements, the Xbox One X will be the smallest console the company has ever released .

Other news