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

British Gas owner expected to reveal record profits of £3bn

British Gas Centrica Britain Bernstein
British Gas van stationed in Wimbledon, London
British Gas owner, Centrica, has profited from a surge in its North Sea oil and gas division. Photograph: Amer Ghazzal/Rex/Shutterstock

The owner of British Gas is poised to reveal record annual profits of more than £3bn, weeks after suspending the forced installation of prepayment meters due to concerns over its treatment of vulnerable customers.

Analysts expect Centrica, which owns Britain’s largest energy supplier, to post underlying profits of £3.3bn in 2022 on Thursday, up from £948m in 2021.

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