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The Latest Breaking News from Centrica

British Gas owner on course for eightfold rise in profits from high energy prices

Surge in earnings comes as 8 million households face fuel poverty

The Independent UK

British Gas owner forecasts eightfold rise in earnings amid soaring gas prices

Ukraine war’s effect on wholesale gas prices prompts third upgrade in a year from Centrica

The Guardian - UK

FTSE 100 Live: M&S and Tesco hail strong trading, Centrica upgrade; US inflation drops in December

A surprise rise in GDP for November today boosted hopes that the UK can still avoid a slide into recession.

Evening Standard

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read the most diverse news in one place.

Tesla stock has only plunged to a less ludicrous level as competitors catch up

Elon Musk’s misadventure with Twitter is not the main factor in the dramatic decline in value

The Guardian - UK

Energy giants accused of hoarding £2bn of customer cash through direct debit overpayments

EDF, Centrica and Shell among dozens of firms accused of raising direct debits of customers who are thousands of pounds in credit.

Daily Record

The lights are on so far, but letting gas supplies dwindle was a risky bet

Successive governments’ energy plans hinged on a delusion the market would always provide gas at reasonable prices

The Guardian - UK

Skills shortage warning from oil and gas in transition to Net Zero

Offshore Energies UK flags issue as numbers drop in a decade despite being on the cusp of huge opportunities

Birmingham Post

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Back online: the retired gas storage site now able to power 1m homes

Rough, a 37-year-old Centrica facility off east Yorkshire, has been reopened to prop up the energy grid

The Guardian - UK

Bulb takeover saga sheds light on ‘disgraceful’ lack of transparency

Let’s hope E.ON, Centrica and Scottish Power’s judicial reviews succeed in forcing some openness

The Guardian - UK

UK high court approves Bulb takeover by Octopus Energy

Proposed buyout of collapsed supplier gets go-ahead despite judicial reviews lodged by rivals E.ON, Centrica and Scottish Power

The Guardian - UK

British Gas owner fears another supplier will go bust as pressure on competitors rises

Chris O’Shea, chief executive of Centrica, said a warm autumn and winter were piling pressure on weaker competitors with the likelihood increasing that another will go bust

Daily Mirror

Energy suppliers risk failing with taxpayers’ cash onboard, Centrica chief warns

Chris O’Shea said the government handing energy companies money in advance presents a big risk

The Guardian - UK

Ofgem unveils new energy rules but ‘fails to protect’ customer deposits

Regulator criticised because it will only ‘closely’ monitor suppliers’ use of credit balances

The Guardian - UK

Hunt’s windfall tax on energy leaves several billion on the table

The chancellor’s statement, viewed through the lens of companies and investors, looks ‘a very reasonable outcome’

The Guardian - UK

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Birmingham Post

Examination of North Lincolnshire Green Energy Park plan begins

Waste from energy, battery storage and green hydrogen proposed in £1 billion cluster west of Scunthorpe

Birmingham Post

E.on and partners to explore green hydrogen plan for Sheffield's steel industry

BEIS funding secured to assess potential for biomass

Evening Standard

Pressure mounts on energy giants as National Grid’s profits soar 50%

The electricity network operator pledged to raise spending on critical infrastructure to £40 billion by 2026

The Guardian - UK

Stronger profits at British Gas owner fuel £250m share buyback

Higher electricity and gas prices offset weaker performance in Centrica’s household services

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news in one place.

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The Guardian - UK

British Gas is unable to help after a husband’s death

It is still sending bills to his account which his widow can’t access

Birmingham Post

Hull Tricoya plant completion put on hold as ownership changes

Accsys has taken full control of the Saltend development beset by cost increases and delays

Birmingham Post

Centrica and Equinor sign agreement for East Yorkshire hydrogen hub

The energy giants have joined forces to explore low-carbon hydrogen production

Birmingham Post

Rough returns! Centrica is back injecting gas at huge storage facility off East Yorkshire coast

Five year mothballing comes to an end after summer of engineering works at offshore platform

Wales Online

The Co-op is giving staff paid time off for fertility treatments

The time off is flexible and unrestricted

The Independent UK

Co-op to give all staff paid leave for fertility treatments

Co-op’s boss Shirine Khoury-Haq said that she has gone through the process of fertility treatment herself and wants to support employees.

The Independent UK

Energy giant Centrica reopens mothbolled site amid warning UK ‘has only nine days of gas stored up’

Centrica reopening Rough field off East Yorkshire coast after five years to boost capacity

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