British Gas (UK)
British Gas is the UK's leading energy supplier, offering both natural gas and electricity as well as installation and other support services, including plumbing and drain maintenance under the Dyno brand. It is the biggest customer-facing business within Centrica, a conglomerate with a variety of energy production, trading and supply operations in Europe and North America. At the end of 2014 British Gas had around 37% of the residential UK gas market (almost three times its nearest competitor) and a leading 24% of domestic electricity supply (but a very much smaller proportion of non-domestic). However, the company is under growing pressure from falling commodity prices and stiff competition from smaller suppliers, especially independents. Group revenues were £28.0bn in 2015, of which British Gas accounted for £12.3bn. There was management turmoil at Centrica in Spring 2014 with the sudden departures of group CEO Sam Laidlaw and also the head of international downstream operations, which includes Direct Energy in North America as well as British Gas. Ian Conn was appointed as group CEO, with Mark Hodges as managing director of British Gas. The group was formed in 1996 from the break-up of the old British Gas Council state monopoly. Its original North Sea exploration and infrastructure operations were demerged as BG Group. Centrica has in the past dabbled in a number of other areas including roadside assistance, financial services and telecoms, but took the decision in 2005 to focus mainly on energy. Adbrands no longer profiles this company but subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services.
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Capsule checked 17th May 2016
Recent stories from Adbrands Weekly Update:
Adbrands Weekly Update 5th Jun 2014: British energy group Centrica was thrown into further turmoil by the resignation of Chris Weston, head of downstream operations, which include British Gas in the UK and Direct Energy in North America. That follows the earlier announcement that both group CEO Sam Laidlaw and finance director Nick Luff will also leave by the end of this year. No successor has yet been named for any of the three executives. The biggest of the UK's residential energy providers, British Gas has been mired in political controversy over rising fuel prices, and the Labour Party's threat to enforce a price freeze if elected to power next year.
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