British Gas releases more therms to rivals
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.THE INDUSTRIAL gas market was opened up to further competition yesterday after British Gas agreed to release another 500 million therms of gas to rival suppliers next year, writes Michael Harrison.
This is the third tranche of gas to be released by British Gas under a four-year programme agreed with the Office of Fair Trading in 1992.
The 500 million therms - equivalent to about 3 per cent of the quantity distributed annually by British Gas - will be used mainly to supply industrial and commercial customers in the firm contract market.
Since the release programme began 102 companies have successfully applied for gas. More than 70 per cent of the firm gas market is now accounted for by independent suppliers. There is also evidence that British Gas is losing customers on interruptible contracts to rivals.
The watchdog Ofgas, responsible for overseeing the programme, plans to invite independent gas shippers to apply for the gas early next year.
Norman Blacker, managing director of gas business at British Gas, said: 'We expect these additional quantities of release gas to stimulate competition still further.'
British Gas will not face full competition in the domestic market until 1998.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments