Cost.co.uk Responds to British Gas Announcing Profits

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The energy company has made profits exceeding hundreds of millions this year.

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The announcement of these profits is a real blow to consumers who are struggling to make ends meet and pay expensive utility bills

According to the BBC, British Gas has reported a rise in profits for 2012 after colder weather led to people using gas to heat homes, water and cook with. Profits were in excess of £606m, a rise of 11 percent on last year. The figures are reportedly due to an increase of 12 percent in gas consumption as consumers left heating on longer during the cold snap which saw widespread snow in most parts of the UK.

The news comes as many consumers struggle with rising utility bills, petrol prices and grocery costs, and in light of a recent price rise – which experts and consumers now understand was announced during the hugely profitable month of November 2012.

Chief Executive Sam Laidlaw explained, ‘A 5 percent margin on the business is the sort of margin we require to make investments in news sources of energy.’

The price comparison site, Cost.co.uk has advised consumers to shop around to receive the best deals on energy prices. A representative explained, ‘The announcement of these profits is a real blow to consumers who are struggling to make ends meet and pay expensive utility bills. As we are dedicated to providing the best consumer deals around we would recommend using our site and check out the various providers in order to get the best deals around.’

Cost.co.uk continues to comment on consumer based news.

Based in Essex, Cost.co.uk is one of the UK’s leading price comparison sites. Allowing their online customer’s access to companies offering a range of insurance, financial and travel services, the firm specialise in providing a personal experience. Founded in 2012, the agency has a trusted reputation for sourcing the most ideal policies at affordable prices.

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Ben Austin
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