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Dec 30, 2009, 9:25am

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AuthorTopic: Gas prices to fall (Read 81 times)
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Gas prices to fall
« Thread Started on Jul 29, 2009, 11:48pm »		[Quote]
Consumers can look forward to lower gas and electricity bills later this year according to Frank Chapman, the chief executive of BG Group.

He said falling global demand, better infrastructure and the UK’s liberalised market meant consumers will benefit.

He said, “Gas prices are coming down. There is an abundance of supply coming through.” We shall see, we shall see.
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Re: Gas prices to fall
« Reply #1 on Jul 29, 2009, 11:51pm »		[Quote]
They'll probably drop by 2% !!!!!!!
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Re: Gas prices to fall
« Reply #2 on Jul 30, 2009, 3:07pm »		[Quote]
British Gas made 80% more profit from residential sales even though gas sales fell, just as every one always new we use less they bump up the prices and make even more obscene profits. Robbing Bastards!

http://www.guardian.co.uk/business/2009/jul/30/british-gas-centrica-profits-rise
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Re: Gas prices to fall
« Reply #3 on Jul 30, 2009, 10:59pm »		[Quote]
Total rip-off !!!!!!!!!!!!!!!!!!!
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Re: Gas prices to fall
« Reply #4 on Aug 1, 2009, 9:56pm »		[Quote]
British Gas customers are unlikely to enjoy a cut in their fuel bills despite the company seeing its profits rise by 80%. Experts said the falling wholesale cost of energy and rising profits meant companies should be making further price cuts but warned this was unlikely to happen as firms take the chance to invest in renewable energy and boost their supplies.

Robert Hammond, energy expert for Consumer Focus, said, “Millions of consumers paying high energy prices will be disappointed, but sadly unsurprised, that energy firms are making such large profits. Wholesale energy prices have come down and remain low, so we believe that energy firms across the board should be making significant further price cuts.”

A fall in wholesale costs and a cold snap that encouraged customers to use more energy to heat their homes helped to boost British Gas’ profits. It made a profit of £299 million for the six months to June 30, up from £166 million during the same period a year ago. British Gas increased prices by 46% last year.
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