British Gas profits hit by warmer weather
British Gas has reported a sharp drop in profits for the first half of the year due to warmer weather.
Residential supply operating profit fell by a quarter to £265m, owner Centrica said. Operating profit at the parent company was down 35% at £1.03bn.
Centrica said the average annual British Gas customer bill would be £90 lower this year than in 2013.
Earlier, regulator Ofgem said the big six energy firms were set to double profit margins over the next year.
John Moylan reports.
31 Jul 2014
- From the section Business