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The Latest Breaking News from Centrica

Even more energy suppliers are short of capital. Ofgem needs to toughen up

With almost one in five firms breaching targets, the watchdog’s new get-tough approach on capital levels seems to be anything but

The Guardian - UK

Report detailing risk to UK gas security was not one to bury on budget day

Facts in Neso’s stark assessment have been ignored for years – yet running out could be government-toppling event

The Guardian - UK

The major firms named and shamed for underpaying staff

IN FULL

The Independent UK

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read the most diverse news in one place.

Nearly 500 firms fined for failing to pay minimum wage

IN FULL

The Independent UK

Holland & Barrett and British Gas owner among firms fined for underpaying staff

The Department for Business and Trade released a list of 491 employers that underpaid workers over several years.

Evening Standard

British Gas owner and Holland & Barrett fined for paying less than minimum wage

Around 42,000 people have been repaid by their employers after being left out of pocket, the Department for Business and Trade said

The Independent UK

Energy firms complete UK’s first ‘hydrogen blending’ trial to power grid

A 2% blend of low-carbon gas injected into gas grid to fuel Brigg power station in North Lincolnshire is a UK first

The Guardian - UK

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Britain could face ‘tight days’ in winter energy supply, grid operator warns

Early data has suggested that ‘tight days’ are most likely to take place in early December or mid-January.

Evening Standard

Brits issued winter energy supply warning with ‘tight days’ ahead

National operator says winter could see power supply stretched as report warns of reliance on imports

The Independent UK

UK-US nuclear deal: what does it mean and will it really lead to a ‘golden age’?

Starmer announced multibillion-pound link-up to build ‘mini-nukes’ likely to be signed during Trump visit

The Guardian - UK

UK Scores Massive US-Backed Nuclear Jackpot: 12 Modular Reactors, 2,500 Jobs – Power Surge or Costly Gamble?

US-UK pacts unleash 12 Hartlepool reactors powering 1.5M homes, £40B investments, 2,500 jobs amid Starmer's nuclear push. Critics fear Hinkley-style overruns

International Business Times UK

UK and US line up string of deals to build modular nuclear reactors in Britain

Agreements include plan to build 12 reactors in Hartlepool with Centrica, creating 2,500 jobs, and fast-tracking UK and US safety checks

The Guardian - UK

EDF extends lifespan of two UK nuclear plants, securing 1,000 jobs for longer

Heysham 1 in Lancashire and Hartlepool in Teesside to continue operating until March 2028

The Guardian - UK

Two UK nuclear power stations given further one-year extensions

Heysham 1 in Lancashire and Hartlepool in County Durham are now expected to generate electricity until March 2028.

The Independent UK

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Evening Standard

Stocks mixed despite GDP surprise amid hot US producer price inflation

The FTSE 100 index closed up 12.01 points at 9,177.24.

The Guardian - UK

British Gas owner buys £1.5bn gas terminal in big bet on fossil fuel reliance

Deal for Europe’s biggest facility for LNG imports comes as overall UK gas demand fell sharply last year

Evening Standard

British Gas owner takes stake in Europe’s biggest LNG terminal in £1.5bn deal

Centrica and Energy Capital Partners have agreed to acquire the Isle of Grain terminal from current owner National Grid.

The Guardian - UK

Fears UK gas stockpile to drop for winter as British Gas owner plans sell-off

Centrica keen to stem losses from North Sea Rough storage after company profits halve

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Evening Standard

Centrica calls for new customer ban on rival Octopus amid row over Ofgem rules

Centrica chief executive Chris O’Shea claimed that regulator Ofgem was not enforcing recent financial resilience rules.

Evening Standard

British Gas household supply arm earnings fall after £50m warm weather hit

The residential energy supply business saw underlying earnings drop to £133 million in the six months to June 30, down from £156 million a year ago.

The Guardian - UK

A ‘golden age’ for nuclear power? Sizewell C must hit budget first

Customers face higher bills if project backed by the National Wealth Fund suffers serious cost overruns

Evening Standard

FTSE 100 at new high despite poor borrowing data

The FTSE 100 index closed up 10.82 points, 0.1%, at 9,023.81.

International Business Times

UK Gives Green Light To GBP38 Bn Sizewell C Nuclear Plant

The UK government on Tuesday gave new British nuclear power plant Sizewell C the final go-ahead after reaching a deal with investors, aiming to bolster net zero and energy security goals.

Evening Standard

Sizewell C nuclear power plant construction to cost £38billion as investors sign deal

The Department for Energy Security & Net Zero said Energy Secretary Ed Miliband had signed the final investment decision for the development.

Evening Standard

FTSE 100 Live 22 July: Sizewell deal lifts Centrica shares, Compass higher after upgrade

Dealmaking Centrica and Compass were the pick of London’s blue chips today as the FTSE 100 index held its position near to last night’s record close.

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