Centrica

The energy giant said it expected to reduce jobs by around 1,000 through 2018

The energy giant is to begin the process to appoint a successor

As well as these firms making more money, around 41% said they had seen significantly reduced energy costs

The project will see 200 homes and businesses use the platform to buy and sell energy from each other

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

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 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 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 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 […]

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 […]