‘Profits are down because of a warm winter, not lower prices ’ – Which? response to British Gas interim figures
Richard Lloyd, Which? executive director said:
“British Gas profits are down because of a warm winter, not lower prices. Ofgem reports that supplier profit margins are set to double, while energy costs continue to be the top consumer concern.
“Energy companies must do everything they can to pass on any savings to their customers including falling wholesale and network costs. That’s why we need the competition authority to establish whether the price we pay for our energy is fair.”
Statement: British Gas, customers, Energy, profits