Thursday 31 July 2008

The evils of British Gas

Anger over £1bn Centrica profits
(from BBC News)

"British Gas owner Centrica revealed £5m-per-day profits, after announcing a record price hike [...] On Wednesday, British Gas raised gas bills by 35% with immediate effect, to restore "reasonable profitability". Centrica said the rise was justified and was needed to offset higher costs."

It seems amazing that such a high-profile company would do something apparently so stupid, but I still bet most people who use British Gas won't bother to change supplier, and shareholders won't go selling their shares in a moral outrage. So, in fact, while we can all be shocked and angered at such blatant abuse of consumers, no one's going to do anything about it.

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