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16 February 2023

Why Centrica can’t reduce British Gas customers’ bills even if it wants to, despite its £3.3bn profit

Tony Jordan, senior partner at energy consultancy Auxilione, has said the Competition and Markets Authority would be ready to step in if they saw any evidence of British Gas getting a preferential deal.

“There are ‘glass walls’ around the supply of energy” says Jordan. “Centrica can’t trade that energy within its business for a lower rate, as that would be an unfair advantage against the rest of the market.

“The only fair and legitimate way that Centrica can sell energy to British Gas is to look at the market for the current price. Then, British Gas will buy energy at the same rate, before passing that cost on to its customers – this is the same process for all energy suppliers.”

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