This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-22507278
The article has changed 4 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Gas use up 18% on cold weather, British Gas says | Gas use up 18% on cold weather, British Gas says |
(34 minutes later) | |
Centrica, which owns British Gas, says gas use in the first four months of 2013 was almost a fifth higher than last year because of the cold weather. | Centrica, which owns British Gas, says gas use in the first four months of 2013 was almost a fifth higher than last year because of the cold weather. |
The company said UK residential gas use was up 18%, and electricity use by 3%. | The company said UK residential gas use was up 18%, and electricity use by 3%. |
It said "any benefit arising from the exceptionally cold weather will be used to maintain our price competitiveness", suggesting that domestic energy prices may stay on hold for now. | It said "any benefit arising from the exceptionally cold weather will be used to maintain our price competitiveness", suggesting that domestic energy prices may stay on hold for now. |
It also said it had signed up 28,000 more residential customers this year. | |
Centrica said the cold weather had also affected its services business, which had seen costs rise because of a higher number of call outs. | |
The company said the weak economy was also having an effect, with fewer people installing new heating systems. | |
However, it added that said it expected full-year profits to be in line with forecasts. | |
Last year, the company faced criticism for increasing its prices. British Gas raised its gas and electricity charges by 6% in November. | Last year, the company faced criticism for increasing its prices. British Gas raised its gas and electricity charges by 6% in November. |
Centrica's statement said: "Recognising the economic pressures facing many of our customers, the board has determined that any benefit arising from the exceptionally cold weather will be used to maintain our price competitiveness. | |
"As a result of this decision, we expect the residential energy supply business to deliver an operating profit for the full year in line with expectations, weighted towards the first half." | |
A spokesman said: "We will use that [cold weather benefit] to effectively hold prices for as long as possible." |