British Gas has posted record profits, fuelled by Ofgem’s lucrative allowances in the energy price cap, with the household energy giant reporting a near ten-fold increase in its earnings. The household retailer’s profits have climbed from £98m in the first six months of trading last year to a whopping £969m in the first half of 2023 – above analyst expectations. It attributes at least £500m of this spike to Ofgem’s decision to allow the recovery of prior period costs for suppliers through raised allowances…
Hence then, the article about british gas earnings jump ten fold in first half of 2023 was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( British Gas Earnings Jump Ten-Fold In First Half Of 2023 )