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Centrica plc (LSE: CNA) is a large multinational company, based in the UK but also with interests in North America and Europe. It is part of the FTSE 100 Index of companies. The Source by Greyworld, in the new LSE building Paternoster Square. ...
February 17 is the 48th day of the year in the Gregorian calendar. ...
1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ...
Windsor (IPA: usually , but also ) is a suburban town and tourist destination in the Royal Borough of Windsor and Maidenhead in Berkshire, South East England. ...
A public utility is a company that maintains the infrastructure for a public service. ...
In business, a subsidiary is a company controlled by another company or corporation. ...
Website - Wikipedia, the free encyclopedia /**/ @import /skins-1. ...
The Source by Greyworld, in the new LSE building Paternoster Square. ...
World map showing North America A satellite composite image of North America. ...
World map showing Europe Political map (neighboring countries in Asia and Africa also shown) Europe is one of the seven traditional continents of the Earth. ...
The Financial Times Stock Exchange Index of 100 Leading Shares, or FTSE 100 Index (pronounced footsie), is a share index of the 100 largest companies listed on the London Stock Exchange. ...
History
Centrica was created in 1997 when British Gas plc demerged into Centrica plc and BG plc (later BG Group plc). The demerger grouped British Gas's gas supply, services, retail businesses and gas production business of the Morecambe gas fields under Centrica. Centrica is the largest supplier of gas to domestic customers in the UK, and one of the largest suppliers of electricity, operating under the trading name "British Gas". This page is about the former gas monopoly in the United Kingdom for infromation about the successor companies please see Centrica, BG Group and Transco. ...
BG Group Plc is an energy production and distribution company which is headquartered in Reading outside London, England. ...
In 1999 Centrica acquired the AA for £1.1 billion. In 2004 the AA was sold for £1.75 billion to two European private equity firms, CVC and Permira. Centrica has also attempted to diversify by developing the Goldfish credit card (later sold to Morgan Stanley Bank International Limited) and buying the Dyno franchise group (best known for its Dyno-Rod drains unblocking service). The Automobile Association (also referred to as The AA) is a British motoring organisation. ...
CVC Capital Partners is a European private equity firm. ...
Permira is an international, private equity firm based in the United Kingdom. ...
Divisions
Europe - Luminus (Belgium)
- Oxxio (Netherlands)
- Luseo Energia (Spain)
Luminus (real name Amir Dvir) is a psychedelic trance -Goa trance musician from Israel. ...
Centrica North America - Direct Energy
- Direct Energy Business Services
- WTU Retail Energy
- CPL Retail Energy
Direct Energy is a retailer of energy and energy solutions. ...
United Kingdom - Centrica Energy
- Gas fields
- Power stations
- British Gas Residential
- British Gas (England & Wales)
- Nwy Prydain (Wales)
- Scottish Gas
- Dyno-Rod
- British Gas Business
- Centrica Storage
- Rough gas storage facility
Logo as private enterprise Logo under state ownership British Gas was formerly the name of the United Kingdoms monopoly gas supplier. ...
British Gas
British Gas Logo which Centrica has the rights to in the UK Centrica plc, trading as British Gas (and as Scottish Gas in Scotland) is still market leader in the supply of energy to UK households. In recent years the UK wholesale energy market has become more volatile, with increases in wholesale energy prices of over 70% in the last 12 months alone. Consequently the core residential energy business of British Gas has been running at a loss of over £200m according to the latest results released by parent, Centrica plc. Also related to this market volatility, since the beginning of 2006 all major energy suppliers, including British Gas as well as Powergen, nPower, EDF Energy, Scottish Power/Manweb and Southern Electric have raised their prices. Image File history File links Download high resolution version (877x341, 19 KB) File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ...
Image File history File links Download high resolution version (877x341, 19 KB) File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ...
To help to manage this price volatility the parent company to British Gas - Centrica plc - has announced a variety of investments in new sources of supply to help wholesale prices to come down in the future. Including in the last 12 months, spending over £600 million and committing a further £400 million on new gas, power and renewable energy assets. Also committing billions of pounds to help import more gas into the country. And because 40% of electricity is generated by gas-powered stations, this investment should help to reduce the cost of electricity too.
In parallel British Gas announced in July in an article in The Times that they intend to continue their focus on improving customer service. The Times is a national newspaper published daily in the United Kingdom since 1785, and under its current name since 1788. ...
Meanwhile the EU is investigating alleged malpractice in the wholesale market for gas and electricity supply across Europe. Allegations include the suggestion that gas supplies to the UK are restricted, contributing to increases in the wholesale price of gas in the UK. The final conclusions of a competition enquiry into the EU energy sector will be published in December.
The draft conclusions, published in February, confirmed fears by Brussels that former state monopolies in the major European markets (not UK) were keeping a stranglehold on home markets, allowing them to control pricing - against the interests of consumers. Competition commissioner Neelie Kroes criticised excessive concentration in what she said reflects the "old market structure of national or regional monopolies".
In May, Kroes showed real commitment to addressing the issues by launching a series of surprise inspections at the offices of major power utilities in Germany, Italy, France, Belgium and Austria on suspicion of antitrust practices and abuse of dominant market position in the gas sector (E.ON, RWE, Gaz de France, Distrigas, OMV AG were among the companies targeted). These investigations are now ongoing and do not come with a specific deadline, but the sense of urgency around the energy markets is likely to mean that Brussels will want to act swiftly.
By contrast the UK energy market is an open market in which British Gas competes with a variety of other suppliers - including Powergen (subsidiary of Germany's E.ON referred to above) and nPower (subsidiary of Germany's RWE referred to above).
See also Energy policy of the United Kingdom is a set of official publications and activities directed at the present and future production, transmission and use of various power technologies. ...
For Government policy, see Energy policy of the United Kingdom Energy use and conservation in the United Kingdom has been receiving increased attention over recent years. ...
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