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The Latest Breaking News from Centrica

Boss of British Gas owner sees pay increase fivefold to £4.5m

Chris O’Shea’s remuneration package rose significantly last year, partly because he had waived his right to a bonus the year before

Evening Standard

Lhyfe signs agreement with Centrica to explore hydrogen production in UK

The French company has previously said that it is exploring options to open a hydrogen production facility in the North East

Birmingham Post

Joe Lycett and Sam Smith lead Rainbow Honours nominees as iconic venue for awards revealed

Joe Lycett's protest against David Beckham's controversial deal with Qatar has been nominated for yet another prestigious award, with Sam Smith, Graham Norton, Andrew Garfield, Dame Kelly Holmes and more also recognised in the Rainbow Honours shortlist

Daily Mirror

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British Gas refuses to admit prepayment meter failings leaving MPs 'astonished'

Energy companies faced a dramatic grilling by MPs following reports of debt collectors forcibly breaking into vulnerable customers' homes to fit prepayment meters

Daily Mirror

British Gas owner Centrica extends life of Lancashire nuclear power station

The power station will now close in March 2026, two years later than originally planned

Birmingham Post

British Gas debt agents made third of all applications to force-fit prepay meters

Exclusive: Arvato, which fitted the meters in England and Wales, made 122,536 requests and had only 11 rejected

The Guardian - UK

Ferghal Blaney - Shocking response of Government to energy real crisis for households

Our Mirrorman in Leinster House with the latest craic from the Corridors of Power

Irish Mirror

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Renfrewshire MSP slams energy firms over skyrocketing profits

The Renfrewshire North and West MSP wants more to be done to combat soaring energy costs.

Daily Record

Vodafone signs second major corporate solar power purchase agreement

44% of its annual energy requirement will come from UK-based renewable power sources by 2025

Birmingham Post

We won’t be distracted from green targets - ScottishPower boss

Operating profit increased by 7.4% to reach £785m, although the retail arm reported losses

Insider UK

Dad left furious after British Gas mistakenly send bailiffs to his house four times

Rowan Purdy, 45, was bombarded with threats by British Gas, whose owners Centrica reported £3.3 billion in profits, even though he was able to prove that a bill was not his

Daily Mirror

'People may be freezing but let's be cheerful after Centrica announced £3.3bn profits'

Mark Steel jokes that anyone who knows how economics works understands that the most important rule for a healthy financial system is to give Centrica all the money in the country

Daily Mirror

Energy giant EDF's profits soar after hiking price of electricity

The update comes a day after British Gas owner Centrica saw profits to triple to around £3.3 billion for the past year

Wales Online

The energy sector isn’t ‘broken’, it’s cooking on gas – if you’re a profit-hungry shareholder

Under the current setup, delivering energy can only ever be incidental to the real business of reaping monster returns, says Mathew Lawrence, of the Common Wealth thinktank

The Guardian - UK

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Daily Record

Sick pensioner hit with £1171 gas bill and forced to use funeral savings to pay

Widower Barry Seckerson, who suffers from numerous health issues, needs to use the heating to alleviate his symptoms.

The Independent UK

What the papers say – February 17

A missing mother and a scrambling Prime Minister feature on the national mastheads.

Wales Online

Widower, 82, raids his funeral savings to meet soaring energy bills as supplier's profits rocket

Barry, who has serious health problems, is furious that Centrica fat cat is in line for £1.6million bonus

Daily Mirror

'Greedy oil giants pocket benefits of Ukraine invasion while British families freeze'

'While Centrica made £100 a second, British Gas hired debt collectors who force-fitted pre-payment meters - it's clear we need a windfall tax to put people before greed'

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Daily Mirror

British Gas customer, 82, forced to raid his funeral funds after energy bill quadruples

Barry Seckerson has been left struggling to afford his energy bills which have more than quadrupled over winter and says he has no choice but dip into his funeral savings

AFP

UK energy group Centrica's surging profit sparks fury

London (AFP) - Britain's biggest domestic energy supplier Centrica on Thursday posted rocketing annual profit, sparking fury as Britons face soaring household electricity and gas bills that have fuelled a cost-of-living crisis.

The Independent UK

Anti-poverty campaigners rage as energy giants rake in cash

Anti-poverty campaigners are fuming after the parent of Britain’s biggest home energy supplier said earnings more than tripled last year as consumers struggled to pay soaring utility bills

The Independent UK

Centrica boss urged to waive £1.6m bonus – but refuses to discuss it

‘Too early to have conversation’ abount bonus, says chief executive after record profits spark outrage

Insider UK

Centrica boss defends profit spike despite fury from campaigners and politicians and claims of 'broken' energy market

Chris O'Shea says profits support push to net zero and ultimately lower bills

Daily Record

British Gas profits triple as Scots politicians make renewed call for 'proper' windfall tax

Centrica said its profits more than tripled from £948 million in 2021 to £3.3 billion in 2022.

The National (Scotland)

'Obscene': British Gas owner sees profits TRIPLE amid pre-payment metre scandal

BRITISH Gas owner Centrica has seen its profits soar to more than £3 billion for 2022 amid rocketing energy prices that have sparked a…

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