Wednesday, 29 June 2011


Centrica, which owns British Gas, has hinted again that it will raise prices for its gas and electricity customers.

In a statement to the stock market, it told investors to expect lower profits for the first half of 2011, partly due to higher wholesale costs.
However, the firm said "retail margin recovery" would boost its profits in the second half of the year.

Earlier this month Scottish Power said it would increase the cost of gas by 19% and the cost of electricity by 10%.

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