Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Simon Read and Oscar Williams-Grut

CEO of British Gas-owner Centrica waives £1.1 million bonus as heating bills soar

British Gas Energy has seen a 44% jump in profit despite despite a squeeze on the energy sector which has put many of its rivals out of business

(Picture: PA Media)

The boss of British Gas-owner Centrica is waiving his £1.1 million bonus this year as household heating bills soar.

Centrica CEO Chris O’Shea will take just his £775,000 salary for the year, the company said today. His decision came as gas and electricity prices are set to soar by more than 50% for 22 million households across the UK in April.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.