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

British Gas owner warns of potential winter gas shortage in the UK

Chris O’Shea, has stated that a combination of low wind and cold weather could lead to insufficient gas-fired generation to meet electricity demands

Urgent skills reform needed for UK’s net zero, say experts

New report calls for a complete overhaul of technical and vocational training in the UK to meet net zero goals

Centrica inks 15-year LNG supply deal

The energy giant’s agreement will ensure the delivery of approximately 14 cargoes per year, supplying enough energy to heat 5% of UK homes

Centrica boss warns of continued high energy prices despite recent decrease

Chris O’Shea has highlighted that energy prices have reverted to pre-invasion levels but remain two and a half times higher than the long-run average

Centrica to double Rough storage capacity

With the increased capacity, Rough will be capable of storing up to 54 billion cubic feet of gas

British Gas offers grants and cheaper contracts for small businesses

British Gas has launched a £15 million fund to provide grants and lower priced contracts to small businesses, including pubs, cafes, restaurants, hairdressers, shopkeepers and charities

British Gas to cease using outside contractors for prepayment meter installations

Following a review that uncovered instances of errors and poor conduct, British Gas has decided to stop using external contractors for prepayment meter installations

Centrica’s bold plan: Rough to become world’s largest hydrogen store

The boss of Centrica has revealed that Rough’s upgraded hydrogen storage capacity could potentially provide half of the UK’s storage requirements