The boss of British Gas has promised the company will give 10% of its profits to cash-strapped households. It is the first energy firm to dip into its own pockets to help people as the cost-of-living crisis intensifies ahead of the autumn and winter months.
Chris O'Shea, chief executive of Centrica, which owns British Gas, committed to donating £12million of British Gas profits this autumn and a further 10% every six months for the duration of the energy crisis. It could see £60million go towards helping the energy giant's poorest customers.
Grants of between £250 and £750 will be targeted to tens of thousands of customers British Gas has identified will be in financial distress as a result of rising energy prices, reports the Mirror. Mr O'Shea told The Sun: "We don't have a silver bullet and we know this fund can’t reach everyone.
