British Gas profits slip from record highs as energy market ‘normalises’

The easing of British Gas profits has led to lower earnings for its owner, Centrica. Photograph: Neil Hall/EPA

British Gas profits have begun to ease from record high levels last year as the market shows signs of “normalising” after the energy crisis.

The UK’s biggest energy supplier reported operating profits of £159m for the first half of the year, down significantly from the same months last year when it reported its highest-ever first-half profits of almost £1bn.