British Gas owner Centrica is planning to cut around 700 management and back office jobs under previously announced reductions as it faces “growing challenges”.
The most vulnerable households in the country are paying out £250 million more than they should on their energy bills, according to new research.
British Gas owner Centrica has warned unusually warm weather and a £70 million hit from the energy price cap will impact first half results as it also suffered a further customer exodus.
The energy regulator has increased its price cap on variable tariffs due to rising wholesale prices.
British Gas has announced it is to hike its electricity tariffs by 12.5% in September in a move affecting 3.1 million customers, including those on Scottish Gas.