Channel 4 News
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British Gas profits almost £1 billion for first half of 2023
Posted
July 27, 2023
Views
29,139
Likes
339
Comments
269
Engagement
2.09%
July 27, 2023
29,139
339
269
2.09%
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7:31Now PlayingFor months, households across the UK have been struggling with rocketing energy bills.
So the news that British Gas has reported record profits - up almost tenfold compared to last year - is not going down well.
Over the past 18 months they made £750 million purely due to the prices the company was allowed to charge its customers under Ofgem's energy price cap.
The regulator says the profits are temporary - to offset losses. But campaigners want British Gas to face a windfall tax.
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