Centrica gets smart about energy management for businesses

It is working with engineering services consulting firm WSP to also help develop large distributed energy projects

British Gas owner to cut 4,000 jobs as profits tumble

British Gas owner Centrica has said it will cut around 4,000 jobs by 2020 after its profits took a tumble. Its adjusted operating profit fell 17% to £1.25 billion last year and the company lost around 1.4 million domestic customers in the UK. Centrica said it expects the new programme “to involve reduction in like-for-like […]

Centrica launches digital platform to supply small firms

Centrica has collaborated with a software developer to launch British Gas Lite, a new electricity service aimed at small and medium-sized businesses. Using Nottingham-based ENSEK’s retail energy platform, the online service aims to allow better management of industry and customer facing processes including those relating to revenues, billing and accounting. Customers pay by monthly, variable direct […]

Centrica invests in US power tech startup

Centrica has announced its investment in a US startup that offers flexible renewable onsite power to businesses. The announcement comes alongside a consortium of other investors providing a total of $83 million (£59m) financing to California-based EtaGen, founded on Stanford University research. Its Linear Generator uses a low-temperature reaction of air and natural gas to drive […]

Centrica pumps out 3,000th CHP unit

Centrica Business Solutions has started production of its 3,000th combined heat and power (CHP) unit. The low carbon energy generator has been designed and delivered in the firm’s global engineering and manufacturing base in Salford, Manchester. This particular CHP unit produces 50kW of power while keeping nitrogen oxide emissions to a minimum – it has […]

CMA removes Centrica’s Rough gas storage commitments

The Competition and Markets Authority (CMA) has confirmed its decision to remove the requirements placed on Centrica’s Rough gas storage facility in the North Sea. The announcement will help the energy giant with the closure of the facility, which it has deemed unsafe due to its physical deterioration, the associated safety risks and the high […]

Centrica launches new exploration and production firm

A major new oil and gas company has been launched. Spirit Energy, a joint venture which combines Centrica’s exploration and production business with Bayerngas Norge, has started trading as an independent oil and gas operator. Production from the combined portfolios is expected to be around 50 million barrels of oil equivalent (mmboe) from 27 fields […]

Webinar: Is battery storage a viable technology for my business?

Tim Barrs and James Dow will discuss the market context, technical considerations together with the business case and potential revenue streams of a battery storage installation.

Distributed energy ‘could save UK almost £1bn’

Distributed energy solutions could achieve almost £1 billion worth of energy savings each year. That’s the verdict from Centrica, which suggests wider adoption of these technologies could also deliver an £18.5 billion boost to the country’s overall economic growth. The energy firm analysed the potential role of solutions like battery storage, onsite generation and energy […]

Centrica to cut SVTs: Industry responds

Centrica has announced plans to scrap its standard variable tariff (SVT) deals, with the aim of driving down energy costs and making the market more fair. The British Gas parent company said the move will increase engagement and choice, reduce average bills, deliver a fairer allocation of energy policy costs and further protect vulnerable customers. […]