9bn profit as customers struggle to heat homes
The owner of British Gas is expected to announce it raked in profits of 1.9billion last year or 60 a second as customers were handed paltry cuts in bills.
Centrica’s predicted windfall will infuriate hard up households who are making savings as low as 71p a week, despite wholesale costs plunging.
cheap Michael Kors fatcats have been waltzing off with huge profits while cutting customer bills by a measly 5% and delaying the change until the end of this month.
Critics believe Centrica raked in an extra 50million by putting off the reduction while toothless regulator Ofgem does nothing
Michael Kors handbag outlet to tackle the scandal.
Shadow Energy Secretary Caroline Flint said: "If wholesale
cheap Michael Kors handbags outlet costs fall, the savings should be passed on to customers, not kept by the energy companies.
"These massive profits show why the Tories and Lib Dems were so wrong to vote against Labour’s plans to give the regulator the power to cut energy prices.
Michael Kors handbag outlet end of widget id: 1489271, name: poll, view: yesNoPoll >
cheap Michael Kors handbags committed to making big changes in our energy market, freezing prices until 2017 so that bills can fall, not rise and giving the regulator the power to force companies to cut their prices when wholesale costs fall." Households will
Cheap Michael Kors handbags finally see the 5% reduction in bills on February 27 nearly six weeks after the wholesale costs drop was announced.
Centrica bosses will no doubt moan that profits are down from the 2.7billion it banked in 2013. The firm is also expected to blame last year’s mild weather for the sharp fall in profits.
Gas consumption was down 21% in the first 10 months of 2014, with electricity falling 7%, the firm said in November.
But the whinging is unlikely to get much
wholesale Michael Kors handbags outlet sympathy from customers still struggling to pay sky high bills amid a cost of living crisis sparked by Tory cuts.Articles Connexes：