The boss of British Gas owner Centrica has defended the massive spike in his company’s profits amid heavy criticism, saying it will help the company keep bills lower for customers and invest in the green transition.
The business revealed a more than tripling of adjusted operating profit on Thursday, hitting £3.3 billion last year compared with £948 million in 2021.
The profits sparked anger from campaigners and politicians who say that companies are benefiting from the same high energy prices that are forcing people to choose between heating their homes or feeding their families.
