Gas giant warns over prices


	Gas giant warns over prices

JICWyllie

5-12-2008 11:26 AM

106 views

tags:

energy, natural gas, electricity, i-prices, i-record, i-increase, i-forecast

1 Comment |

Add a Comment

5-12-2008 1:03 PM

chiggles

Gas giant sounds to me like some type of space-body.

Login to Comment. Not a member yet? Sign up

Another team figures out how to convert wa...

'Fuel battery' could take cars beyond petrol

Eco-clubbing: Sustainable Dance Club

Scientists learn what makes auroras flare

Device could help stretch a gallon of gas

Will Space-Based Solar-Powered Lasers Solv...

More clips from JICWyllie

Lehman slashes world oil demand growth for...

Speech of the Week - Gore's Energy Challen...

Given a Shovel, Digging Deeper Into Debt

Today's Top Clips

visit the Top Clips page

View the Top Clips from May 12, 2008

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/15446a67-3cf3-41e6-8738-f8c9b19534fe/5B3F6046-9195-465C-AD72-E809DD44FB86/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.independent.co.uk/news/business/news/gas-giant-warns-over-prices-826418.html" href="http://www.independent.co.uk/news/business/news/gas-giant-warns-over-prices-826418.html" style="font-size: 11px;">www.independent.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/business/news/gas-giant-warns-over-prices-826418.html"><P>
British Gas owner Centrica warned today of potential further bill hikes for 
  customers after revealing that continued high wholesale gas prices would hit 
  results this year.
</p> <P></p> <P></p> <P></p> <P>
The firm said that overall operating profits for the first half of this year 
  would be "materially lower" compared with a year ago, mainly due to poorer 
  performance in its British Gas Residential arm.
</p> <P></p> <P>
It added that wholesale gas prices for the second half of this year were 
  double those compared with a year ago.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/business/news/gas-giant-warns-over-prices-826418.html">company's residential arm could be loss-making in the first half of 
  this year, if it fails to hike its domestic prices again.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/business/news/gas-giant-warns-over-prices-826418.html">
Average month-ahead wholesale prices for gas and electricity were 92 per cent 
  and 100 per cent respectively higher than a year ago,</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/business/news/gas-giant-warns-over-prices-826418.html">driven by record oil prices, rising demand in Asia for the 
  available liquefied natural gas (LNG) and insufficient supply from 
  continental Europe</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5B3F6046-9195-465C-AD72-E809DD44FB86/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>