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The Latest Breaking News from Centrica

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

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

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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

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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

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

It is the UK's biggest energy supplier

Bristol Post

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

It is the UK's biggest energy supplier

Wales Online

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

Birmingham Post

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

The Guardian - UK

Significant CCS progress highlighted by Harbour Energy as Tolmount delivers

Quarter one tradign update underlines developments on both Humber banks

Birmingham Post

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

Daily Mirror

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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

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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?

The Guardian - UK

Boss of British Gas owner sparks outrage with £4.5m pay packet

Chris O’Shea told to examine his conscience amid investigation into treatment of vulnerable customers

Evening Standard

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

Birmingham Post

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

Daily Mirror

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

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

Birmingham Post

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

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