
Centrica, the owners of British Gas, have revealed a 2 per cent drop in profits over 2013 after rising supply costs for electricity and gas reduced revenue.
The energy giant announced that overall operating revenues fell to £2.695 billion due to a combination of factors including rising costs, a increasingly challenging market and a fall in customer numbers with business and residential customer accounts lower by 1 and 2 per cent respectively year on year.
The main UK energy companies are all expected to see a reduction in customer numbers towards the end of 2013 due to negative PR surrounding rising energy bill costs.
Labour claims of energy price fixing
Centrica pulls out of energy infrastructure expansion