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.
Centrica tops up gas storage at Rough site ahead of winter November 29, 2022 The UK has enjoyed a much needed supply boost, after Centrica revealed it has refilled the Rough storage site ahead of winter.
Octopus Energy urges Ofgem to enforce hedging to protect the industry November 25, 2022 Octopus Energy has urged the regulator to put more emphasis on hedging to boost the resiliency of domestic suppliers.
Ofgem stops short of ringfencing requirements for customer balances November 25, 2022 Ofgem has announced further measures to toughen up energy markets and ensure suppliers are financially resilient.
British Gas owner Centrica hands £250m to shareholders as profits surge November 10, 2022 British Gas owner Centrica will hand £250m to shareholders as high wholesale prices put the firm on course for massive profits.
Heads of nine key energy firms warn bill ‘threatens to undermine’ regulation in sector October 21, 2022 The heads of nine major energy companies have voiced “increasing concern” about a bill which “threatens to undermine strong, independent” regulation of the sector. In a strongly-worded letter to Jacob Rees-Mogg MP Secretary of State for Business, Energy and Industrial Strategy (BEIS), they urge the government to rethink measures Energy Prices Bill. The bill is [...]
British Gas to donate 10 per cent of profits to help household energy bills August 25, 2022 British Gas will donate 10 per cent of its profits to help households grapple with soaring energy bills for the “duration of the energy crisis”. Parent company Centrica took home some £1.34bn in profits in the first six months of the year, representing a vast five-fold increase on earnings of £262m this time 12 months [...]
Centrica seals mega-deal with Delfin for US LNG supplies August 9, 2022 Centrica has signed a mega US deal to ramp up its supplies of lnf from a floating export facility located 40 miles off the coast of Louisiana.
Exclusive: Energy giants urge struggling customers to get in touch ahead of winter August 9, 2022 Some of the biggest energy firms have encouraged worried customers to make contact with them as soon possible.
Exclusive: Octopus Energy urges rival Centrica to work with them to protect consumers July 25, 2022 Octopus Energy wants to work together with rival Centrica and market regulator Ofgem to protect households ahead of the cold winter months.