Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-07-29 18:55:00

BG LOSES MARKET

BG LOSES MARKET

According to FT, nearly 400,000 UK households left British Gas in the first six months of this year, as the company found its market share being taken by independent energy suppliers.

The energy group lost 399,00 domestic energy supply accounts from January to June, according to its parent company Centrica, which announced its half-year results on Thursday.

It blamed those losses on an unusual number of people ending their energy contracts at the same time, adding that it had increased its number of customers in June.

The figures underline the difficulties being faced by some of the UK's "big six" energy suppliers. Many have seen profits fall in their electricity generation business as the wholesale cost of electricity has dropped, while also being criticised for not cutting retail prices more quickly.

Claire Osborne, energy analyst at uSwitch, the price comparison service, said: "Energy suppliers big and small continue to eat away at British Gas's market share. The only way that British Gas can start to win back customers is by launching new, competitive deals."

In the first half of the year, Centrica suffered falling profits in both its gas exploration and production business, as well as its power generation arm. That, combined with record warm winter weather in North America, meant adjusted operating profit fell 12 per cent from the same time last year to £853m. Once one-off gains were factored in, such as money raised from selling oil and gas assets and its interest in a wind farm, operating profits jumped 31 per cent to £1.8bn.

Its interim dividend rose 0.03p to 3.6p per share.

Shares in Centrica rose 1.5 per cent to 245.6p after the results on Thursday morning.

Amid the wider downturn affecting energy businesses as a result of falling oil and gas prices, Centrica has been trying to cut costs. It said on Thursday it had removed £141m of costs during the first half of the year, and increased its target for the full year to £300m.

Iain Conn, Centrica's chief executive, said: "The first half of the year has been demanding for Centrica, but the response has been strong and I am encouraged by the progress we have made. We are delivering underlying performance improvement and are building a robust platform for customer-focused growth."

He added: "I remain confident in our ability to deliver both attractive returns and underlying cash flow growth, as we continue to implement our strategy."

-----

Earlier: 

SHELL & BG MERGER 

BG STARTS LNG $20 BLN 

BG & STATOIL: CHANGE CEO 

BG GROUP: UP 22% 

BG EXPLORES MYANMAR 

BG GROUP INVESTMENT 

BG GROUP FIND IN KENYA

 

 

Tags: BG, BRITISH, GAS, BRITAIN, UK
BG LOSES MARKET October, 19, 11:30:00

ТРАГЕДИЯ В КЕРЧИ

BG LOSES MARKET October, 19, 11:25:00

OIL PRICE: NOT ABOVE $80

BG LOSES MARKET October, 19, 11:20:00

GAS FOR CHINA: THE BIGGEST

BG LOSES MARKET October, 19, 11:15:00

RUSSIAN LNG FOR GERMANY

BG LOSES MARKET October, 19, 11:10:00

RUSSIAN YAMAL LNG

BG LOSES MARKET October, 19, 11:05:00

EXXON'S LNG FOR CHINA

All Publications »

Chronicle:

BG LOSES MARKET
2018, October, 19, 11:00:00

NORWAY'S GAS FOR BRITAIN

PLATTS - Norwegian natural gas exports to the UK jumped to their highest in six months Wednesday as consistently high UK prices incentivized flows normally only reserved for wintry periods.

BG LOSES MARKET
2018, October, 19, 10:55:00

UZBEKISTAN'S NUCLEAR: $11 BLN

AZERNEWS - The estimated cost of construction of nuclear power plant of Russian design in Uzbekistan will be about $ 11 billion, the launch of the first power unit has been planned for 2028, the Aide to the President of the Russian Federation Yury Ushakov said.

BG LOSES MARKET
2018, October, 19, 10:50:00

IRANIAN GAS: 1 BLN CMD

SHANA - Managing Director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati said the supply of one billion cubic meters per day of natural gas by National Iranian Gas Company (NIGC) was one of the goals of the company by 2021.

BG LOSES MARKET
2018, October, 19, 10:45:00

CHINA - BELGIUM NUCLEAR

WNN - China and Belgium have signed a framework agreement on cooperation in the peaceful use of nuclear energy. The agreement was one of several accords signed in Brussels yesterday during a meeting between Chinese Premier Li Keqiang and Belgian Prime Minister Charles Michel.

All Publications »