Company
Centrica PLC
LON:CNA
Centrica plc is an integrated energy company operating predominately in United Kingdom and North America. In the United Kingdom, it operates three segments: upstream, downstream and storage.
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British Gas ditches third-party prepayment meter fitters
British Gas boss Chris O'Shea apologised as the energy firms parted ways with Arvato
British Gas owner Centrica falls on new prepayment meter rules
Measures don't go far enough say poverty groups, which want a blanket ban on forced installations
Ovo slams UK energy market greenwashing
Supplier Ovo has slammed the UK's energy market with a host of greenwashing claims
British Gas among suppliers facing lawsuit over secret broker payments
British Gas is among firms hit with a lawsuit over undisclosed payments to brokers
British Gas said no to emergency funding despite collateral worries
British Gas chose not to apply for government emergency funding despite seeking support in September
Ofgem to order energy firms to bolster cash reserves
Ofgem is considering reforms to the retail energy market which will require suppliers to keep more cash in reserve
Archive
British Gas, Octopus customers paid millions for turning off appliances
One British Gas customer was paid £332
Bulb Energy costs tumble as Govt hedging gamble pays off
The government's bailout of Bulb is now anticipated to cost £246mln, rather than £4.5bn predicted in November
Government to lay out plans to decouple gas and electricity prices
The government will lay out plans to decouple electricity and gas prices this Thursday, according to Grant Shapps
Centrica boss pay soars five-fold after bumper profits
Chris O'Shea enjoyed a 400% pay rise in 2022, despite Centrica being wrapped in controversy over its forced installation of pre-payment metres in vulnerable homes
Builders and building materials
Sizewell C doubts raised as High Court hearing begins
Kwasi Kwarteng's approval of Sizewell C has been slated by campaigners, with London's High Court set to hear the case on Wednesday and Thursday
Energy bills to fall under £2,000 in July - Investec
Investec analysts forecasted Ofgem to lower its cap to £1,981 from July, marking an effective end for the government's support scheme
Budget: Hunt to end 'pre-payment meter penalty'
The chancellor will announce plans to prevent pre-payment meter customers paying more for energy others in Wednesday's budget
British Gas and Ofgem bosses to be grilled by MPs over pre-payment scandal
Centrica and Ofgem bosses will face MPs next week, after British Gas was found to be forcing pre-payment metres on vulnerable customers
EDF to keep ‘turbines turning’ at two nuclear power stations
EDF announced it would keep two of its nuclear power stations running for a further two year, after a "rigorous review"
Archive
Energy suppliers to warn customers of price rises, ignoring govt’s call to cut bills
Energy suppliers will warn customers of price rises in the coming days, according to Energy UK, despite calls from minister Grant Shapps for prices to be lowered
Grant Shapps warns power groups lower wholesale prices must reach households
Grant Shapps will up pressure on energy suppliers to cut household bills in line with falling gas prices on Wednesday
Bulb Energy takeover deal faces court showdown as rivals launch judicial review
Octopus Energy's takeover of Bulb faces renewed legal challenge on Tuesday, as British Gas, ScottishPower and E.ON launch long-awaited reviews
Ofgem to cut price cap by 23%, but why not 64% in line with gas prices?
Ofgem will cut the amount suppliers can charge for energy bills on April 1, although households will see prices rise
Octopus Energy looks for £100mln to ramp-up EV business
Octopus Energy is looking for £100mln to boost its EV business, according to Sky News
UK scheme to encourage boiler switch to heat pumps 'failing to deliver'
“Misleading messages” have been issued, including by the government, over the potential for hydrogen for home heating
Centrica and other energy suppliers told to compensate for forced metering
Centrica is among energy firms being told to compensate customers for force fitting pre-payment meters by regulator Ofgem
Archive
FTSE 100 closes above 8,000 for the first time
Around 3.55pm, the FTSE 100 index was just above the psychologically important level, ahead 8 points, or 0.1%, at 8,006, rallying from the session low but well off the day's new all-time peak
Centrica to report bumper cash on back of gas price rises
Centrica will report full-year results on Thursday, 16 February, after a year of huge energy price rises
Centrica actions spark Ofgem crackdown on prepayment meter installation
The behaviour of British Gas towards its customers was "just appalling".
Octopus pays energy-cutting households over £1mln during trial
Octopus paid out over £1mln to customers who cut energy usage during the first demand flexibility service trial
Gas prices slide again as European storage hits record levels
Storage in Europe is now around 75% of capacity, its highest for months
‘Virtually everything’ pointing towards further gas price drop - Cornwall Insights
Weather, demand and the macro environment have all "swung in favour" of falling gas prices, says Cornwall Insight
Centrica offers ‘significant upside potential’ – broker
Centrica provides an attractive valuation, according to RBC, given forecasted bumper earnings pushed up by inflated energy prices
Centrica’s British Gas joins Octopus Energy in heat pump price war
British Gas offers heat pumps for £2,999, far below the average market price of £8,000, making them a real alternative to gas boilers
Octopus Energy expands into UK solar market
Octopus Energy aims to install 5,000 solar panel systems to homes this year, as it ramps up bill-cutting offerings
Energy support scheme to be cut for businesses
Hunt’s new scheme is expected to include a discount on wholesale prices rather than a fixed price
Bulb rescue costs taxpayer £4.5bn as Octopus takes over
Government funding for Bulb will cost taxpayers around £140 each
Bacton hydrogen hub could play ‘major’ role in UK energy transition
Bacton gas terminal could become a key part of the UK's energy transition, potentially heating 20mln homes with cleaner hydrogen
Hydrogen-ready home boilers could become UK requirement in coming years
The government hinted hydrogen-ready boilers may be a requirement in UK new builds by 2026
UK reliance on wind and solar exposed after Monday’s close call
Experts suggest that the UK's increasing reliance on renewables means it is more vulnerable to close calls in terms of energy production
British Gas owner Centrica alleges Bulb acquisition breaches EU trade deal
Octopus's takeover of Bulb from the government may breach UK and EU laws according to Centrica
Bulb Energy takeover faces delays into new year, threatening customer energy supply
Scrutiny from British Gas, ScottishPower and E.ON is set to see Bulb's takeover by Octopus significantly delayed
Bulb Energy takeover facing lengthy and expensive delay
Octopus Energy faces a long delay in its takeover of Bulb, after rivals sought a legal review of how its deal with the government was made
Energy suppliers told not to overcharge in direct debit payments
Energy suppliers have been told not to overcharge customers who are cutting down usage via direct debit
Energy companies' use of customer cash to be monitored but not ringfenced - Ofgem
British Gas boss Chris O’Shea said it "feels like an abdication of responsibility by a regulator not focusing on the right things"
Energy bills would have risen another 70% without cap says Ofgem
UK taxpayer potentially on the hook for £120bn as energy cap costs soar
British Gas owner Centrica basks in 'buy' notes after Autumn Statement
Citi upped its price target to 110p and welcomed the increased clarity following the chancellor’s statement
Bulb rescue cost soars to £6.5bn as sale process drags on
Cost of the bail-out is £200 per taxpayer in addition to £94 for other failed energy groups
SSE, Drax and British Gas owner Centrica to shrug off windfall tax - JPM
“Most importantly, in our view, will be details around any investment allowances that companies will receive to offset the levy"
British Gas owner Centrica risks tone deaf accusation with payout
Centrica announced plans to return £250mln to investors through its first share buyback since 2014
British Gas owner Centrica lifts guidance, plans buy-back but expects lower retail profits
In a trading update, the owner of British Gas said it would start a buy-back programme of up to 5% of its share capital
Households struggling to access energy bill vouchers says government
All households will receive £400 off their energy bills for following six months, with £66 off bills for November, and £67 for the following months to April
British Gas owner Centrica warns UK gas storage still falls short
Rough has become the UK's largest gas storage facility, despite only operating at 20%
British Gas owner Centrica upgraded as brokers see windfall tax cloud clearing
Citi reiterated a 'buy' rating and raised its price target for Centrica to 93p from 81p
British Gas owner Centrica reopens Rough gas facility, boosting UK's energy storage
Rough, which can store up to 30bn cubic feet of gas, is currently operating at 20% of its previous capacity, said Centrica, making it the UK’s largest gas storage facility
British Gas owner Centrica backs new plant run on hydrogen
A peaking plant at Centrica’s Brigg site in Lincolnshire will be used for the pilot
Ofgem to tell consumers to turn down the gas this winter
Ofgem’s advice is said to be targeted at helping households reduce fuel bills
UK energy price cap to jump 27% to £2,500 from tomorrow
All homes will also receive a £400 support package – taking the annual average bill down to £2,100 – with pensioners receiving a further £300 and those on benefits also getting financial aid
UK becomes net electricity exporter for first time in 12 years
Britain’s power generation jumped by 8.2% as domestic demand eased 5.5% lower
Energy price cap to come into effect this Saturday
Households will also receive a £400 discount on energy bills under the Energy Bills Support Scheme
Over 41% of UK electricity capacity comes from EU countries as Germany nationalises Uniper
Of the 75.8 gigawatts of electricity produced in the UK in 2020, Uniper's sites provided roughly 8.4% of that total
Taxpayers to pass up to £1.6bn to energy suppliers through price freeze
The cost of supplying homes is predicted to reach more than £80bn over the next year
Centrica and SSE stay on Goldman Sachs' 'buy' list after Truss's energy package
The US investment bank sees three positive implications from Truss's plan
FIVE at FIVE: Truss rules out windfall tax, Musk and Bezos wealth rivalled, Lloyds, Aviva and other bosses meet chancellor and Heineken now owns 100% of Beavertown
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Energy companies jump as new PM Truss rules out windfall tax
New business secretary Jacob Rees-Mogg has also been given responsibility for energy, which has led to optimism and pessimism in different corners of the sector
Centrica is coining it so why does it need more cash?
Reports suggested the British Gas owner was potentially looking for “pre-emptive” extra funding
Centrica looks for more funds to help British Gas cope with energy crisis
Meanwhile, incoming PM Liz Truss is also looking at potential plans to help lower businesses energy bills
Gas prices surge after Nord Stream shut down
UK benchmark gas prices surged by 37% to reach highs of 560p per therm at one point on Monday but eased lower in the afternoon
UK energy cap forecasts cut on potential decoupling from European wholesale gas and electricity prices
This resulted in Auxilione slashing its energy price cap forecast for January by £620 to £5,012, while it lowered its prediction for April by over £1,400 to £6,269
Energy price cap to intensify spotlight on oil companies' profits
Harbour Energy uncomfortably in the spotlight ahead of energy threshold hike on Friday as it reported 12-fold increase in profits
British Gas to donate 10% of profits as energy price cap expected to rise
UK's largest energy supplier says the donation will make it easier for people to cope with soaring energy bills and living costs
Scottish Power boss proposes £100bn plan to cap energy bills for two years
Business secretary Kwasi Kwarteng, who is tipped to become chancellor if Liz Truss wins the Tory leadership race, is said to be considering the proposal
Energy cap forecast for next year hits £6,500
UK regulator Ofgem announces the price cap level for three months from the start of October on Friday
UK energy regulator to unveil price cap change on Friday
Ofgem will reveal the new limit for yearly energy bills next Friday
Centrica, Octopus among UK suppliers backing freeze on energy bills
Ministers met with energy bosses to discuss plans to raise a tariff deficit fund aimed at capping energy prices for two years
Centrica's Rough North Sea gas storage facility to be recommissioned after five years offline
Business secretary Kwasi Kwarteng has reportedly asked that Rough, 18 miles off the Yorkshire coast, be taken out of mothballs as the UK looks to ensure its energy security
Labour lays plans to pay for energy price cap freeze with 'windfall' tax
Party leader Keir Starmer said £8bn could be raised from taxing oil and gas profits, which could fund a freeze on the energy price cap this winter
Rishi Sunak proposes 'up to £10bn' to help with energy bills if he is PM
Opposing Tory candidate, Liz Truss, suggested her own proposals in her Q&A session at the event
Centrica agrees to multi-billion-pound LNG deal with US supplier Delfin Midstream
Agreement aligns with European push to diversify away from Russian gas supplies
UK energy bills could hit £4,500 next year as costs rise more than expected
Energy bills may reach an eye-watering £4,426.94 in the second quarter of 2023 before declining
Ofgem switch to quarterly energy price cap reviews faces backlash from campaigners
Analysts and campaign groups warn that the switch to three-monthly reviews of the energy price cap could push annual energy bills over £4,000