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The Latest Breaking News from Centrica

British Gas reports record £969m profit after price cap increase

First-half results anger consumer groups that have campaigned about treatment of vulnerable customers

The Guardian - UK

Centrica set to build largest battery storage project in Perthshire

Once connected to the grid in 2028, the battery should be able to store enough electricity to power 130,000 homes for an hour

Insider UK

Revealed: ‘Big Six’ energy firm bosses paid enough in 2022 to power 23,000 homes for a year

Exclusive: Board members and other top executives at major gas and electric companies received nearly £60m in salaries and bonuses last year

The Independent UK

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Calls for major energy bill shake up as Martin Lewis hits out at £300 a year fee

Industry bosses and experts are calling for the abolishment of standing charges

Manchester Evening News

British Gas and Octopus Energy bosses say standing charge on bills should be scrapped

The charge is levied for everyone, regardless of how much energy they use

Wales Online

Home energy bills likely to remain high, says British Gas owner

Centrica CEO warns against complacency as gas prices remain more than double level seen before Ukraine invasion

The Guardian - UK

British Gas boss issues update on energy bills - as Ofgem price cap to fall tomorrow

The chief executive of Centrica, which is the owner of the energy supplier, Chris O'Shea told the BBC that while he believes the worst of the energy crisis is over, risks remain

Daily Mirror

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British Gas owners issues warning to households over energy prices

The average household's energy bill drops to £2,074 a year from Saturday

Manchester Evening News

‘Worst of energy price crisis over’ as average bills to fall by £426-a-year

Millions of households are set to witness a drop in their bills from Saturday due to the new Ofgem price cap

Evening Standard

Energy giant Centrica boosts capacity at Rough gas storage site

The facility had been mothballed from 2017 but was partially reopened last year.

The Independent UK

Eni to buy oil and gas company Neptune Energy in $5bn deal

Italian company’s subsidiary, Vår Energi, will acquire Neptune’s Norwegian business for $2.3bn

The Guardian - UK

Centrica’s supine shareholders should look further than the share price

Russian invasion of Ukraine meant it was easy for Centrica to greatly exceed financial targets, so does the CEO deserve his vast bonus?

The Guardian - UK

Boss of British Gas owner avoids revolt over £4.5m pay packet

Centrica chief Chris O’Shea’s remuneration backed by 93% of shareholders at AGM despite union outcry

The Guardian - UK

British Gas owner to post higher profits thanks to new cap rules

Suppliers can now claim back costs when current gas costs are higher than the cost of futures contracts

Evening Standard

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Bristol Post

The owner of British Gas expects 'significantly higher' profits for 2023 so far

It is the UK's biggest energy supplier

Wales Online

British Gas owner expects 'significantly higher' profits for first half of 2023

It is the UK's biggest energy supplier

Birmingham Post

British Gas owner Centrica opens its first UK solar farm in Wiltshire

Codford Solar Farm, near Warminster, is designed to provide enough electricity to power close to 5,000 homes

The Guardian - UK

British Gas wins as Ofgem hits consumers with an extra tenner

From October UK gas and electricity consumers will be paying £10 more to suppliers – a £56m earnings boost for Centrica

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Birmingham Post

Significant CCS progress highlighted by Harbour Energy as Tolmount delivers

Quarter one tradign update underlines developments on both Humber banks

Daily Mirror

UK's richest fatcats get gigantic 40percent pay rise - SIX times the average salary

The Mirror analysed figures for all 60 FTSE 100 companies that have published annual reports this year. We looked at total packages for 120 bosses - of those, 54 earned more than last year and 49 made less

Wales Online

'I was homeless ten years ago - now I’m building a community village'

Ten years after becoming homeless, Paul Gwilym is transforming the industrial unit he used to sleep in

The Guardian - UK

There’s a simple way to reduce the average UK electricity bill – and make energy cleaner

Recent research estimates a publicly owned generating company could reduce electricity costs by £252 per household a year, says Common Wealth analyst Chris Hayes

Birmingham Post

North East deals of the week: key contracts, investments and acquisitions

Companies featuring in this week's round-up include Sustainable Business Services, Pacifica Group, Lockheed Martin and Port of Tyne

The Guardian - UK

UK energy firms forcibly installed 94,000 prepayment meters last year

Scottish Power, British Gas and Ovo responsible for 70% of forced installations, government says

The Guardian - UK

The absurd arithmetic behind Centrica boss’s bonus

Last year Chris O’Shea spurned his annual bonus, this year he’s taking the full whack. What’s changed?

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