British Gas has pledged to donate 10% of its profits during the energy crisis to help people struggling with rising bills.
Its owner Centrica says the money will go into the British Gas Energy Support Fund – which gives grants to those most in need.
The firm, which has seen huge profits this year, said thousands of customers will receive an between £250-£750 per household.
This comes as Ofgem, the industry regulator, is expected to announce another huge rise in the energy cap on Friday as global gas prices soar.
Centrica, which is the parent company of British Gas, reported adjusted operating profits of £1.3bn in the six months to June – up from £262m a year earlier
Chris O’Shea, chief executive of Centrica, said: “The current cost-of-living crisis requires all of us to think differently.
“As a responsible business we want to do more to support our customers during this difficult time.
“Committing 10% of our profits for the duration of the energy crisis will mean we can target help at those who need it the most.
“This increased investment in supporting our customers adds to the financial support and advice we already offer and ensures more grants will be available as we go into this winter.”
