Centrica’s response to speculation about energy profits

Sarwjit Sambhi, Managing Director of UK Home, at British Gas.

Newspaper headlines alleging that the large energy suppliers make “seven times more profit than they claim” are completely inaccurate.

At British Gas, our profits for each year are clearly and transparently reported, in considerable detail, for Ofgem and the City.

We don’t “claim” or assert profits -- we have to report them as a fact.

For our full response see BritishGas.co.uk/media

Last year, on an average bill (£1147), we made a profit after tax of about £55, so about 5%. The graphic below breaks down the various costs within a typical customer’s bill in 2015.