§ Mr. Gordon Prentice
To ask the President of the Board of Trade what estimate he has made of the percentage of the revenue base of British Gas which is unregulated and open to competition.
§ Mr. Eggar
Approximately 40 per cent. of British Gas's revenue base is in the competitive sector. In 1993, the British Gas Group turnover totalled approximately £11.2 billion. The tariff sector, which is both regulated by Ofgas and a monopoly business, accounted for approximately £6.5 billion, leaving around £4.8 billion revenue, or 40 per cent., derived from the competitive sector.