Russian gas giant moves in on British consumers

Gazprom is planning to sell energy direct to UK households using its own brand name, undercutting British Gas and other gas and electricity suppliers.

The Russian gas giant already provides a quarter of Europe’s wholesale gas to domestic suppliers. But in a move that will alarm other gas and electricity retailers, Gazprom intends to cut out the middle man and sell straight to households in Britain – the only fully liberalised energy market in Europe.