British Gas: About Gas and Electricity
As the largest domestic energy supplier in the UK, with over 11 million gas customers and 6 million electricity customers, British Gas works hard to provide all their clients with competitive energy prices.
British Gas have now reduced their prices
As you may have seen in the news, the wholesale price of gas has been falling steadily and British Gas are now in a position to pass this onto their customers. British Gas know that their customers were concerned by last year’s price rises and they have been working hard to bring prices down as soon as possible.
The world’s oil and gas markets are volatile with the wholesale price of gas doubling during 2008 and although they’ve now declined, the bulk of gas and power for this winter was bought much earlier when wholesale prices were still high. Buying gas in advance, whilst protecting you from the volatility of the wholesale market, does mean there’s a time lag of a few months before wholesale price movements, up or down, are passed on to customers. But British Gas are committed to looking after all their customers, and if wholesale prices continue to fall, you can count on British Gas to reduce their prices as soon as they can.
Centrica and British Gas: Leading the UK to Protect Our Customers
Centrica and British Gas understand that in order for wholesale and consumer prices to fall, an investment is needed to create new pipelines, new LNG facilities, and new forms of generation. Centrica has committed to the following investments:
- An £18 billion investment into creating and bringing new gas supplies to the UK
- Laying the foundation for new construction of pipelines from the Netherlands and Norway
- Constructing a LNG terminal at Milford Haven
British Gas and Centrica Work Hard to Save You Money
These investments will mean more money in your pocket. You can rest easy knowing that Centrica and British Gas are working hard for your home and gas bill.
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