Responding to this morning’s announcement that pre-tax profits at British Gas’ residential energy supply arm rose 31% to £574m last year from £439m in 2014, Ann Robinson, Director of Consumer Policy at Uswitch.com, says: “Hearing news of rising profits when wholesale energy prices have tumbled will leave many British Gas customers wondering if they’re being treated fairly.
“British Gas has cut standard gas prices three times in the last past year, but it should now go further and reduce electricity bills too. We are still waiting for the big six to explain why they have continued to ignore standard electricity prices in recent price cuts.
“Seeing a major supplier report increased profits at a time of sustained low wholesale prices should strengthen the Competition and Markets Authority’s determination to fix the broken energy market. We are urging the CMA to put forward bold recommendations to get more consumers shopping around for energy to increase competition, lower prices and improve customer service.
“In the meantime, consumers should check to see if they could get a better deal by switching energy tariff or supplier.”
FOR MORE INFORMATION
Jason Wakeford
Phone: 0203 872 5612
Email: jason.wakeford@uswitch.com
Twitter: @UswitchPR
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