Centrica reports flat profit after low demand for British Gas
Centrica, the owner of British Gas, has reported flat annual profits due to the effect of a slump in demand in the UK.
The results include a 30% fall in operating profits at its residential energy division, British Gas, to £522 million.
The firm, which is the UK's biggest gas supplier, blamed lower energy consumption due to good weather and improvements in energy efficiency.
Adam Scorer from Consumer Focus said: "Consumers do not trust what companies say about price rises".
23 Feb 2012
- From the section Business