British Gas rakes in almost £1bn as Centrica unveils near ten-fold earnings increase July 27, 2023 British Gas has posted record profits, fuelled by Ofgem's lucrative allowances in the energy price cap, totalling nearly a billion pounds.
British Gas poised for record profits after Ofgem’s hike in price cap allowances July 23, 2023 British Gas is expected to post record profits next week, powered by Ofgem's decision to temporarily hike allowances for suppliers.
Energy firms face having licences stripped in Ofgem prepayment meter clampdown June 28, 2023 Ofgem has moved to make its protection rules for prepayment meter customers permanent as it continues its clampdown on the energy industry.
British Gas boss secures £4.5m payout as Centrica wins over shareholders June 13, 2023 The hefty £4.5m proposed pay-packet for Chris O'Shea, the boss of British Gas owner Centrica, has been confirmed.
Boss of British Gas owner Centrica handed fivefold pay increase to £4.5m March 22, 2023 The boss of British Gas owner Centrica has been handed a £4.5m pay package, after record profits last year.
Meter scandal: British Gas were ‘aware’ of forced pre-payment visits, says Arvato March 15, 2023 British Gas was aware of every visit third parties took to people’s homes for forced prepayment installations, confirmed Arvato.
Centrica heads back to court to challenge government over Octopus’ Bulb takeover February 26, 2023 British Gas owner Centrica is set to lock horns with the government in court over its handling of Bulb's sale to rival Octopus.
British Gas owner Centrica posts £3.3bn record profit – more than treble last year’s £948m February 16, 2023 British Gas owner Centrica has unveiled record profits of £3.3bn - powered by soaring energy prices and historic market volatility.
Ofgem to suspend forced prepayment meter switches after British Gas break-ins February 2, 2023 Ofgem will tell suppliers to suspend all warrants forcing customers to switch to prepayment meters, City A.M. has learned.
Gas prices down 20 per cent in last week but what does it mean for your energy bills? January 6, 2023 The average price of gas in the UK has fallen by 20 per cent in the last week, but Ofgem said it would have a “limited” impact on bills. Despite the drop, which is compared to the average price from February 2020, pre-Covid, the price of gas was still up one per cent on last [...]