British Gas predicts fall in energy bills

Centrica said it expects the average British Gas domestic bill to be £90 lower than last year as residential profits fall 26%

Household bills at British Gas will will be around £90 lower this year than in 2013, thanks to mild weather and a freeze on energy prices.

Parent company Centrica blamed the weather for a 35% drop in overall operating profits to £1.03bn in the first half of the year, with British Gas residential profits falling by 26% to £265m. Also taking a toll was the Polar Vortex, "extremely cold weather" in North America which wreaked havoc in wholesale markets and cost the company an extra $110m. The company is predicting a return to growth next year.

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via Business Feeds

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