Sparks fly as British Gas report record profits

Gareth Kloet, head of utilities comments  "Whilst it's easy to bash British Gas for making a profit (and let's face it that's a big profit), it's undeniable that they have been able to do so by taking advantage of the favourable trading conditions that can be attributed, in part, to apathy.

Falling wholesale prices and mixed messages from the regulator have meant it's been open season for Britain's largest energy supplier. Due to its nationalised legacy, British Gas benefit from a legion of loyal customers who have not yet investigated shopping around for better deals.

After sensational conclusions from OFGEM in its Discovery Report about having an infrastructure that's simply not fit for purpose, making profits should be seen as a positive thing. This profit can be invested in securing supply in future for the UK, and upgrading that all important network which came under extreme pressure in Britain's coldest winter for nearly 30 years.

Our advice remains consistent, if households want to reduce their energy bills, the best way of doing that is simply to use a Consumer Focus accredited energy price comparison website.  Opting to pay by direct debit, switching to an online tariff and becoming more aware of their energy consumption are three easy steps customers can take to reduce their bills significantly."