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British Gas owner Centrica sees half-year profits rise British Gas owner Centrica sees half-year profits rise
(35 minutes later)
British Gas owner Centrica has reported a rise in half-year profits, after the unusually cold winter boosted gas consumption.British Gas owner Centrica has reported a rise in half-year profits, after the unusually cold winter boosted gas consumption.
Centrica's adjusted operating profit rose 9% to £1.58bn for the period ended 30 June 2013, up from £1.45bn for the same period in 2012.Centrica's adjusted operating profit rose 9% to £1.58bn for the period ended 30 June 2013, up from £1.45bn for the same period in 2012.
British Gas' residential arm saw profits rise 3% to £356m, up from £345m a year earlier.British Gas' residential arm saw profits rise 3% to £356m, up from £345m a year earlier.
British Gas raised its energy prices by 6% in November 2012.British Gas raised its energy prices by 6% in November 2012.
Centrica said "significantly higher environmental and commodity costs" had affected British Gas Residential's operating profits, despite gas consumption rising 13% compared with the same period last year.
Centrica chief executive Sam Laidlaw said: "With our customers using more gas to stay warm during the unusually cold winter, we're doing everything we can to help them keep their energy costs under control and make bills simpler and clearer."
British Gas has introduce a Tariff Checker to help its customers work out if they are on the cheapest tariff, but rising profits are still likely to attract criticism from consumer groups.
Centrica said it expected British Gas Residential's full-year operating profits to be "broadly in line" with 2012's figure of £606m.