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The Guardian - UK
The Guardian - UK
Business
Alex Lawson Energy correspondent

Centrica boss refuses to say if he will waive bonus after ‘obscene’ £3.3bn profit

British Gas iron statue
‘The company’s earnings for 2022 far outstrip the £948m made in 2021, aided by soaring profits in its North Sea oil and gas.’ Photograph: Mark Dyball Picture Library/Alamy

The chief executive of Centrica has refused to say whether he will waive a £1.6m bonus, as the British Gas owner’s annual profits tripled to a record £3.3bn after a price surge triggered by Russia’s halt on gas supplies to Europe.

The company’s “monster” profits angered campaigners who are calling for tougher windfall taxes, lower bills and better treatment of vulnerable customers, after British Gas and other energy suppliers were ordered by regulators to halt forced installations of prepayment meters.

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