British Gas Profits Soar Despite Energy Sector Squeeze

British Gas Profits Soar Despite Energy Sector Squeeze
A cyclist passes the British Gas Centre in Leicester, UK on Oct. 17, 2013. Christopher Furlong/Getty Images
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British Gas’s retail unit has reported a big increase in profits despite a squeeze on the energy sector which has put many of its rivals out of business.

Parent company Centrica said British Gas Energy has seen a 44 percent jump in adjusted operating profit, which reached £118 million in 2021.