Oil platforms in the Cromarty Firth.

Centrica’s lost 70,000 customers this year and they’re celebrating

They lost 1.3 million last year, and they're blaming 1) big oil and 2) governments for it all.

The company that owns British Gas, Centrica, has lost 70,000 customers so far this year, which might sound like bad news, but in comparison to last year is apparently pretty good.

What it means: People have been switching gas companies a lot recently, largely because of changing prices. Last year, Centrica lost 1.3 million energy accounts, about 10 percent of their total holdings.

But the very cold weather this year which was a bit of a nightmare for everyone else was actually a blessing for British Gas, who did well from all of us turning up our heating in the face of the Beast from the East. Their profits are looking better than expected, aside from the cost of having to fix about double as many boilers as last year.

Sadly, that's not going to translate into lower prices for us: they say the price of oil, and the cost of implementing government regulations on smart meters and more efficient energy use means prices are going to keep going up.

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Reader Comments

  • RW

    Your right to a degree. You mentioned “the wandering Jew”.

    I elaborate that the Jewish people, historically have tended to migrate almost exclusively to locations that are economically and culturally vibrant already. I would speculate that Jews have thrived in these places and have often improved the bounds of their economies and knowledge base.

    You can also ask; how many massive entertainment conglomerates, Nobel winners or billionaires has Isreal developed? If Jews are so capable, why isn’t Tel Aviv the Rome of our time?

    Jews are successful because they value education, maintain a strong social cohesive, they actively monitor and have a good sense for Zeitgeist wherever they are and they carefully choose the places they settle and congregate themselves heavily in these choice locations.

    But most importantly (haulocaust increased the importance of this aspect), they actually designed their culture for success. They not only attend Harvard, they use what they learned to better the group as a whole. With as much, they studied intricate networking systems, adapted to it and in many cases improved upon them. (See how Japan acquired Aegis warships and made them better).

    Of course there is nothing wrong with any of this. It’s when you elaborately gain disproportionate power in any society where you would stand out, you must take care when attempting to make a society better (Civil Rights movement) and rewriting that society all together (mass immigration). Ask blacks in China, Mexico, Philippines or India how much opportunity they have? Go to businesses owned by their American diaspora and see how many blacks they hire. Go to Silicon Valley and see how many East or South Asian tech workers wish they could work with more black people. California might work as a state, but as a nation, I think your rolling the nuclear dice here. I hope we can succeed as a tolerant pluralistic superpower but at this stage in human societal development, it’s a pipe dream.

    And if Jews really are the icon for success, they would see that fundamental human successes happen over generations. Just look at the rest of the planet? Are we ready?