British Gas profits show 11% rise (From Free Press Series)
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British Gas profits show 11% rise
7:16am Wednesday 27th February 2013 in National News © Press Association 2013
The parent company of British Gas, Centrica has revealed an eleven per cent rise in profit
Energy group Centrica has said profits at its British Gas Residential arm rose 11% to £606 million in 2012.
Its results come amid mounting questions over the fairness of energy prices after British Gas increased tariffs by 6% for around 8.5 million households at the end of last year.
Centrica has already sought to head off a consumer backlash by flagging up its importance to the UK economy after publishing a report at the weekend claiming it contributes more than £14 billion through taxes, job creation and contracts with small suppliers.
