Unite calls for public ownership over Centrica profits

Unite’s General Secretary has stated that public ownership is the only viable solution to prevent households and businesses from “being ripped off by the profiteers”

British Gas profits increase ten-fold

British Gas has reported a ten-fold increase in profits for 2023, reaching £750 million, attributed to regulator Ofgem allowing the recovery of £500 million in losses incurred after Russia’s invasion of Ukraine

Centrica and Repsol strike LNG deal

Centrica Energy and Repsol have inked a deal, with one million tonnes of LNG shipments scheduled between 2025 and 2027, aimed at the Grain LNG import terminal in Kent

Centrica boss on his £4.5m salary: “You can’t justify a salary of that size”

Chris O’Shea, Centrica CEO, discussed the energy price cap in an interview, indicating that if reset today, prices would decrease by over £200 for the typical household

Centrica’s Rough boosts UK grid amid high energy demand

Centrica’s Rough, the UK’s largest gas storage facility, has released stored gas to meet the heightened heating demand during the current cold weather, marking the first release this winter

British Gas offers £250 free credit to struggling homes

British Gas will allocate an additional £20 million to grant credit of up to £250 for prepayment customers dealing with energy cost challenges

MP confronts Centrica boss over record profits amid energy crisis

Conservative MP Vicky Ford has grilled Centrica’s Chief, Chris O’Shea, regarding the company’s increasing profits during a time of heightened concerns over the energy crisis

Centrica extends gas field lifespan, eyes investment in new nuclear

The owner of British Gas has announced it will extend Spirit Energy’s Morecambe Bay gas fields’ lifespan, securing production until the end of the decade

Energy industry reacts to British Gas soaring profits

While Ofgem states that the energy retail sector’s profits are a one-off as suppliers recover from losses incurred during challenging times, campaigners are calling for greater support for consumers

British Gas: £969m record profit amid price cap increase

The UK’s largest energy supplier, has announced its highest ever first-half profits, marking a significant surge of almost 900% compared to the same period last year