British Gas 'no longer has highest prices'
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British Gas boss: 'We no longer have highest prices'

British Gas has said the competitive nature of the UK's energy market was one of the reasons why its profits fell last year.

Iain Conn, chief executive of Centrica, which owns British Gas, told BBC Breakfast's Ben Thompson that it's a challenging time in the UK energy market, but said the company was now very well valued in terms of its pricing.