British Gas profits have risen by 98 per cent, but the energy giant will not pass this on to customers in the form of price cuts.
One of the ‘big six’ business energy suppliers, British Gas’s profits have almost doubled in the first half of this year.
Centrica, its parent company, has posted the massive leap in profits thanks to the coldest winter in 30 years. Wholesale energy prices have also been low, but none of this will be passed on to customers. British Gas argues that wholesale gas prices are set to rise once more.
While business gas customers on fixed contracts will be protected from any price increases for the duration of their contract, they could face sharp increases at contract renewal time.
That’s why shopping around for your business utilities is important. For advice on getting the best deal for business gas and electricity, contact Energy Advice Line.
Read the full story at the BBC.