Centrica's customers hit the gas

Centrica, the utilities company which trades under the British Gas and Scottish Gas name, is on track to achieve earnings growth in line with expectations, provided the weather and commodity prices play ball.

Centrica, the utilities company which trades under the British Gas and Scottish Gas name, is on track to achieve earnings growth in line with expectations, provided the weather and commodity prices play ball.

Average UK residential gas consumption for the first ten months of 2012 was 9% higher than for the same period of 2011, while average electricity consumption was 1% lower. This reflects colder than normal weather in the year to date following an unusually warm 2011, but also underlying reductions in demand due to energy efficiency measures undertaken by customers.

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