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The share buyback programme is set to run until around the end of February next year. ... with falls in the price cap set by Ofgem. British Gas Energy said its so-called bad debt charge eased back ...
The privatisation was criticised by Baron Gray of Contin who said it broke a key part of the Conservative's 1983 manifesto that the party would not simply replace one monopoly with another; at the time, British Gas was the only organisation that could supply gas to anyone in the country.
The Big Six were the United Kingdom's largest retail suppliers of gas and electricity, who dominated the market following liberalisation in the late 1990s. By 2002, six companies – British Gas, EDF Energy, E.ON, RWE npower, Scottish Power and SSE – had emerged from the 15 former incumbent monopoly suppliers (the 14 regional public electricity suppliers and British Gas).
At the time of privatisation, British Gas and the regional public electricity suppliers held a monopoly on supplying all domestic gas and electricity consumers respectively. In 1997, British Gas was split (demerged) into Centrica and BG plc , in order to separate gas supply from its production and distribution. [ 16 ]
Natural gas prices have surged nearly 25% over the last month. Energy experts attribute the rise to cold weather expected in January and geopolitical issues around the globe.
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Calls were made for a windfall tax on energy companies during the summer of 2008 in the wake of energy price rises and the environmental record of the oil and gas industry. [ 5 ] [ 6 ] 120 Labour MPs supported the call, [ 7 ] as well as columnist for The Guardian newspaper Polly Toynbee [ 8 ] and the left-wing pressure group Compass . [ 9 ]
Gas del Estado (1992) – national gas company partitioned and sold, among others, to the Spanish Gas Natural company Naturgy. Obras Sanitarias de la Nación (water company, 1992–93) - given under concession to the French conglomerate Suez , which operated it under the name Aguas Argentinas; re-nationalized in 2006 as Aguas y Saneamientos ...