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BBCNEWS BBC News at One June 4, 2024 13:03:00

Last month. i don t think centrica is profiteering. this last month. i don t think centrica is profiteering. this has - last month. i don t think centrica is profiteering. this has to - last month. i don t think centrica is profiteering. this has to be - is profiteering. this has to be remembered that particularly with upstream gas and oil extraction it s a very difficult and challenge activity which is already pretty highly taxed in this country. british gas, which supplies energy to households and businesses, accounts for only a fraction of centrica s profits. the parent company isn t allowed to sell energy more cheaply to its own operation thanit more cheaply to its own operation than it does to other suppliers. that makes it more difficult to pass on the benefits and bumper profits to british gas customers. and there is another problem. it has faced intense criticism after contractors were filmed entering the houses of vulnerable people in order to fit prepayment meters. this hou ....

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BBCNEWS BBC News June 4, 2024 14:10:00

It has to be remembered that, particularly with upstream gas and oil extraction, it s a very difficult and challenge activity which is already pretty highly taxed in this country. british gas, which supplies energy to households and businesses, accounts for only a fraction of centrica s profits. the parent company isn t allowed to sell energy more cheaply to its own operation than it does to other suppliers. that makes it more difficult to pass on the benefits and bumper profits to british gas customers. and there is another problem. it has faced intense criticism after contractors were filmed entering the houses of vulnerable people in order to fit prepayment meters. this is the exciting bit, i love this bit. thank you. emily lives in a housing association flat with her daughter. she allowed a contractor into into fit a smart meter. ....

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BBCNEWS BBC News June 4, 2024 15:10:00

Like other energy companies, it has come under fire for making big profits at a time when many consumers are struggling to pay their bills, and that s despite the government s decision to extend the energy profits levy a special tax on energy businesses that was expanded last month. i don t think centrica is profiteering. it has to be remembered, particularly with upstream gas and oil extraction, that this a very difficult and challenge activity which is already pretty highly taxed in this country. british gas, which supplies energy to households and businesses, accounts for only a fraction of centrica s profits. the parent company isn t allowed to sell energy more cheaply to its own operation than it does to other suppliers. that makes it difficult to pass on the benefits of bumper profits to british gas customers. and there s another problem. ....

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BBCNEWS BBC News June 4, 2024 17:12:00

Which was expanded last month. i don t think centrica is profiteering. it has to be remembered, particularly with upstream gas and oil extraction, that this a very difficult and challenge activity which is already pretty highly taxed in this country. british gas, which supplies energy to households and businesses, accounts for only a fraction of centrica s profits. the parent company isn t allowed to sell energy more cheaply to its own operation than it does to other suppliers. that makes it difficult to pass on the benefits of bumper profits to british gas customers. and there s another problem. it s faced intense criticism after contractors were filmed entering the houses of vulnerable people in order to fit prepayment meters. this is the exciting bit, i love this bit. thank you. emily lives in a housing association flat with her daughter. ....

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BBCNEWS Outside Source June 4, 2024 19:43:00

To an election and what happens after that there s no time for consumers for that. this brings us back to the two different parts of the centrica business. government regulation means the parent company can t sell energy more cheaply to its own energy supplying operation than it does to other suppliers, so it can t lower prices for british gas customers, for example. that would be an unfair competitive advantage. the bbc s vishala sri pathma explains. it is actually not from the money that they are charging customers in their homes or businesses, the bulk of the profit at this time around is from extraction. extraction from somewhere like the north sea, the extraction of oil and gas, and the profits made on the wholesale market, which they go to trade from, that is where they are making the money. we have seen oil and gas go up quite considerably in terms of price, particularly when russia invaded ukraine. that has done quite well for anyone that trades on the wholesale market, and tha ....

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