Record British Gas profit after energy bill change

British Gas has reported record half-year profits of £969m after rule changes allowed it to make more money from household bills.

About half of the profit was due to the changes made by the energy regulator.

Ofgem had raised the allowance suppliers can claim from household bills to make up for costs incurred during the pandemic.

This jump in profits came despite falls in oil and gas prices which affected other energy firms.

The British Gas results came as millions of households continue to struggle to pay energy bills.

Energy firms have continued to make big profits from oil and gas, even though energy prices are not as high as they were last year.


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