November 4, 2008

Centrica’s British Gas Business to Acquire BizzEnergy Customer Base

UK-based energy group Centrica, through its British Gas Business division, has reached an agreement to acquire the customer base of BizzEnergy for a cash consideration of GBP3.5 million after the privately-owned energy supplier was taken into administrative receivership.

All of BizzEnergy's 40,000 electricity customers across small and medium enterprise and corporate markets, who will be transferred to British Gas Business under the deal, will maintain their existing contract terms and conditions.

Badar Khan, managing director of British Gas Business, said: "BizzEnergy customers can rest assured that we will ensure a seamless transition to British Gas Business, with no change to their energy supply contracts."